T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 521,913 shares, a growth of 1,023.5% from the April 30th total of 46,455 shares. Based on an average daily volume of 93,511 shares, the days-to-cover ratio is currently 5.6 days. Approximately 9.9% of the shares of the company are sold short.
T. Rowe Price Technology ETF Trading Up 0.4%
Shares of TTEQ traded up $0.16 during mid-day trading on Friday, hitting $44.15. The company’s stock had a trading volume of 138,000 shares, compared to its average volume of 82,806. The firm has a 50-day simple moving average of $36.15 and a 200 day simple moving average of $33.78. The firm has a market capitalization of $233.11 million, a P/E ratio of 36.82 and a beta of 1.73. T. Rowe Price Technology ETF has a 1-year low of $26.17 and a 1-year high of $44.81.
Hedge Funds Weigh In On T. Rowe Price Technology ETF
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of T. Rowe Price Technology ETF in the second quarter valued at $27,000. Arax Advisory Partners purchased a new position in shares of T. Rowe Price Technology ETF in the 4th quarter worth about $31,000. Private Trust Co. NA purchased a new stake in shares of T. Rowe Price Technology ETF in the fourth quarter worth about $39,000. Western Wealth Management LLC purchased a new stake in shares of T. Rowe Price Technology ETF in the first quarter worth about $45,000. Finally, Essex Financial Services Inc. acquired a new position in shares of T. Rowe Price Technology ETF in the third quarter worth about $202,000.
About T. Rowe Price Technology ETF
The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.
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