Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Decreases By 55.1%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,344 shares, a decline of 55.1% from the May 14th total of 16,355 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 8,495 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of T. Rowe Price Equity Income ETF

Several hedge funds have recently added to or reduced their stakes in TEQI. Arax Advisory Partners bought a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth $53,000. Empowered Funds LLC bought a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth $130,000. NewEdge Advisors LLC bought a new position in shares of T. Rowe Price Equity Income ETF during the third quarter valued at about $450,000. Ascentis Independent Advisors bought a new position in shares of T. Rowe Price Equity Income ETF during the first quarter valued at about $457,000. Finally, ORG Partners LLC raised its stake in shares of T. Rowe Price Equity Income ETF by 10.7% during the fourth quarter. ORG Partners LLC now owns 10,172 shares of the company’s stock valued at $459,000 after acquiring an additional 985 shares during the last quarter.

T. Rowe Price Equity Income ETF Price Performance

T. Rowe Price Equity Income ETF stock traded up $0.55 during mid-day trading on Friday, hitting $50.49. The company’s stock had a trading volume of 2,050 shares, compared to its average volume of 10,421. The stock has a market cap of $411.49 million, a price-to-earnings ratio of 17.60 and a beta of 0.76. The business has a 50 day moving average price of $48.37 and a 200-day moving average price of $46.75. T. Rowe Price Equity Income ETF has a 12 month low of $41.53 and a 12 month high of $50.58.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.