Short Interest in T. Rowe Price Growth ETF (NYSEARCA:TGRT) Expands By 272.7%

T. Rowe Price Growth ETF (NYSEARCA:TGRT) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 55,725 shares, a growth of 272.7% from the April 30th total of 14,953 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 101,535 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On T. Rowe Price Growth ETF

A number of institutional investors have recently added to or reduced their stakes in TGRT. Western Wealth Management LLC acquired a new stake in T. Rowe Price Growth ETF in the 1st quarter valued at $29,000. Capital Investment Advisory Services LLC raised its position in T. Rowe Price Growth ETF by 142.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 970 shares of the company’s stock worth $43,000 after acquiring an additional 570 shares during the period. Royal Bank of Canada purchased a new position in T. Rowe Price Growth ETF during the fourth quarter valued at $96,000. Integrated Wealth Concepts LLC purchased a new position in T. Rowe Price Growth ETF during the third quarter valued at $212,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of T. Rowe Price Growth ETF in the fourth quarter valued at about $215,000.

T. Rowe Price Growth ETF Price Performance

TGRT stock traded up $0.10 during mid-day trading on Friday, reaching $47.13. 11,493 shares of the company’s stock were exchanged, compared to its average volume of 115,488. T. Rowe Price Growth ETF has a 12-month low of $37.39 and a 12-month high of $47.38. The stock’s 50 day moving average is $43.27 and its 200 day moving average is $43.27. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 36.02 and a beta of 1.18.

T. Rowe Price Growth ETF Company Profile

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential