T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Significant Growth in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,436,790 shares, an increase of 175.3% from the May 14th total of 521,913 shares. Currently, 27.2% of the company’s stock are sold short. Based on an average trading volume of 242,830 shares, the short-interest ratio is presently 5.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in T. Rowe Price Technology ETF during the 1st quarter worth $45,000. Cetera Investment Advisers grew its holdings in T. Rowe Price Technology ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock worth $882,000 after acquiring an additional 3,384 shares in the last quarter. Independent Financial Group LLC acquired a new position in T. Rowe Price Technology ETF during the 1st quarter worth $702,000. Kestra Advisory Services LLC grew its holdings in T. Rowe Price Technology ETF by 573.6% during the 1st quarter. Kestra Advisory Services LLC now owns 42,102 shares of the company’s stock worth $1,274,000 after acquiring an additional 35,852 shares in the last quarter. Finally, Integrity Wealth Partners LLC acquired a new position in T. Rowe Price Technology ETF during the 1st quarter worth $1,212,000.

T. Rowe Price Technology ETF Trading Up 0.7%

TTEQ stock traded up $0.31 during mid-day trading on Friday, hitting $42.61. 73,231 shares of the company were exchanged, compared to its average volume of 91,616. The company has a market capitalization of $224.98 million, a PE ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a twelve month low of $27.16 and a twelve month high of $45.76. The firm has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $34.61.

T. Rowe Price Technology ETF Company Profile

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.