T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 33.9% in August

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 13,592 shares, a drop of 33.9% from the July 30th total of 20,575 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,918 shares, the short-interest ratio is presently 0.8 days.

T. Rowe Price Equity Income ETF Stock Performance

TEQI traded down $0.13 on Tuesday, hitting $52.28. 6,641 shares of the company were exchanged, compared to its average volume of 13,814. The firm has a fifty day simple moving average of $51.76 and a two-hundred day simple moving average of $49.09. The stock has a market capitalization of $464.77 million, a PE ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a 12 month low of $42.44 and a 12 month high of $53.26.

Hedge Funds Weigh In On T. Rowe Price Equity Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TEQI. Price T Rowe Associates Inc. MD increased its position in shares of T. Rowe Price Equity Income ETF by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,184,954 shares of the company’s stock valued at $143,865,000 after acquiring an additional 530,853 shares in the last quarter. M Holdings Securities Inc. bought a new position in T. Rowe Price Equity Income ETF during the fourth quarter valued at approximately $2,201,000. Associated Banc Corp purchased a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth approximately $1,631,000. Bank of America Corp DE grew its holdings in shares of T. Rowe Price Equity Income ETF by 21.4% in the first quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock worth $5,493,000 after acquiring an additional 21,511 shares during the period. Finally, NewEdge Advisors LLC bought a new position in T. Rowe Price Equity Income ETF in the first quarter valued at about $616,000.

T. Rowe Price Equity Income ETF Company Profile

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.