T. Rowe Price Technology ETF (NASDAQ:TTEQ) Stock Short Interest Drops 73.0%

T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 29,965 shares, a decline of 73.0% from the September 30th total of 110,999 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 125,431 shares, the days-to-cover ratio is presently 0.2 days.

T. Rowe Price Technology ETF Stock Up 0.6%

Shares of TTEQ stock opened at $41.60 on Wednesday. The company has a market cap of $489.64 million, a P/E ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a twelve month low of $28.69 and a twelve month high of $46.42. The business has a fifty day simple moving average of $42.54 and a 200 day simple moving average of $38.50.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several institutional investors have recently added to or reduced their stakes in TTEQ. Integrity Wealth Partners LLC bought a new stake in shares of T. Rowe Price Technology ETF during the 1st quarter valued at about $1,212,000. Kestra Advisory Services LLC increased its stake in T. Rowe Price Technology ETF by 573.6% in the 1st quarter. Kestra Advisory Services LLC now owns 42,102 shares of the company’s stock worth $1,274,000 after purchasing an additional 35,852 shares during the period. Independent Financial Group LLC bought a new stake in T. Rowe Price Technology ETF in the 1st quarter worth $702,000. Sax Wealth Advisors LLC bought a new position in T. Rowe Price Technology ETF during the 3rd quarter valued at approximately $286,000. Finally, Integrated Wealth Concepts LLC lifted its position in shares of T. Rowe Price Technology ETF by 5.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 56,271 shares of the company’s stock worth $2,510,000 after purchasing an additional 2,959 shares during the period.

About T. Rowe Price Technology ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for T. Rowe Price Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.