T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sees Significant Decline in Short Interest

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 194,582 shares, a drop of 34.2% from the June 30th total of 295,689 shares. Based on an average trading volume of 403,731 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On T. Rowe Price U.S. Equity Research ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prodigy Asset Management LLC lifted its stake in shares of T. Rowe Price U.S. Equity Research ETF by 4.3% in the 4th quarter. Prodigy Asset Management LLC now owns 681,406 shares of the company’s stock worth $29,151,000 after acquiring an additional 28,284 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 11.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 902,637 shares of the company’s stock valued at $36,918,000 after acquiring an additional 94,754 shares in the last quarter. Integrity Alliance LLC. acquired a new position in shares of T. Rowe Price U.S. Equity Research ETF during the fourth quarter worth about $1,326,000. Cetera Investment Advisers increased its stake in shares of T. Rowe Price U.S. Equity Research ETF by 10.4% during the first quarter. Cetera Investment Advisers now owns 753,355 shares of the company’s stock worth $30,812,000 after acquiring an additional 71,091 shares during the period. Finally, Capital Analysts LLC raised its holdings in T. Rowe Price U.S. Equity Research ETF by 5.2% during the fourth quarter. Capital Analysts LLC now owns 225,402 shares of the company’s stock worth $9,643,000 after purchasing an additional 11,181 shares in the last quarter.

T. Rowe Price U.S. Equity Research ETF Price Performance

Shares of TSPA stock traded down $0.06 during midday trading on Friday, hitting $46.74. The company had a trading volume of 61,870 shares, compared to its average volume of 384,950. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01. The company’s 50 day simple moving average is $47.12 and its 200 day simple moving average is $44.77. T. Rowe Price U.S. Equity Research ETF has a 52-week low of $39.01 and a 52-week high of $48.03.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.