Short Interest in T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Decreases By 48.5%

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 945 shares, a decline of 48.5% from the March 31st total of 1,834 shares. Based on an average daily trading volume, of 14,857 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On T. Rowe Price Hedged Equity ETF

A number of hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC bought a new position in shares of T. Rowe Price Hedged Equity ETF during the 4th quarter valued at approximately $354,000. Jane Street Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF during the second quarter valued at $405,000. SageGuard Financial Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF during the first quarter valued at $699,000. Finally, HighTower Advisors LLC bought a new stake in T. Rowe Price Hedged Equity ETF during the third quarter valued at about $4,762,000.

T. Rowe Price Hedged Equity ETF Price Performance

NYSEARCA:THEQ remained flat at $28.94 during trading hours on Monday. 286 shares of the company traded hands, compared to its average volume of 4,525. The firm has a market cap of $31.83 million, a P/E ratio of 24.54 and a beta of 0.68. The company’s 50 day simple moving average is $27.99 and its 200-day simple moving average is $28.08. T. Rowe Price Hedged Equity ETF has a twelve month low of $23.89 and a twelve month high of $28.94.

T. Rowe Price Hedged Equity ETF Company Profile

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.