T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Short Interest Up 74.8% in March

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 194,080 shares, an increase of 74.8% from the February 26th total of 111,007 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 45,661 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TD Capital Management LLC bought a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter valued at about $32,000. Archer Investment Corp lifted its position in shares of T. Rowe Price Dividend Growth ETF by 192.0% in the 4th quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after acquiring an additional 670 shares during the period. International Assets Investment Management LLC bought a new stake in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter worth approximately $54,000. Ameritas Advisory Services LLC grew its holdings in shares of T. Rowe Price Dividend Growth ETF by 73.7% during the 3rd quarter. Ameritas Advisory Services LLC now owns 1,374 shares of the company’s stock worth $60,000 after purchasing an additional 583 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of T. Rowe Price Dividend Growth ETF during the 4th quarter worth approximately $106,000.

T. Rowe Price Dividend Growth ETF Price Performance

NYSEARCA:TDVG traded down $0.63 during midday trading on Friday, reaching $43.73. The stock had a trading volume of 66,029 shares, compared to its average volume of 67,839. The stock has a market capitalization of $1.18 billion, a P/E ratio of 24.89 and a beta of 0.86. T. Rowe Price Dividend Growth ETF has a 1-year low of $35.39 and a 1-year high of $47.45. The firm’s fifty day simple moving average is $45.94 and its 200-day simple moving average is $45.01.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.