T. Rowe Price Value ETF (NYSEARCA:TVAL – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,888 shares, a drop of 80.5% from the July 30th total of 60,948 shares. Based on an average daily volume of 70,465 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On T. Rowe Price Value ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in TVAL. EverSource Wealth Advisors LLC acquired a new position in T. Rowe Price Value ETF in the first quarter valued at $115,000. GeoWealth Management LLC acquired a new position in shares of T. Rowe Price Value ETF in the 4th quarter valued at about $258,000. Jane Street Group LLC bought a new stake in shares of T. Rowe Price Value ETF during the 2nd quarter valued at about $283,000. Jacksonville Wealth Management LLC bought a new stake in T. Rowe Price Value ETF in the fourth quarter worth approximately $388,000. Finally, HighTower Advisors LLC lifted its stake in T. Rowe Price Value ETF by 15.3% in the fourth quarter. HighTower Advisors LLC now owns 12,416 shares of the company’s stock valued at $437,000 after buying an additional 1,651 shares during the period.
T. Rowe Price Value ETF Trading Down 0.6%
NYSEARCA:TVAL traded down $0.25 on Thursday, hitting $43.04. The company had a trading volume of 235,937 shares, compared to its average volume of 97,073. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 20.80 and a beta of 0.79. The firm has a 50 day moving average of $42.45 and a two-hundred day moving average of $39.88. T. Rowe Price Value ETF has a 52 week low of $33.37 and a 52 week high of $43.60.
About T. Rowe Price Value ETF
The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser
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