T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Short Interest Down 46.8% in February

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 88,258 shares, a drop of 46.8% from the January 29th total of 165,968 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 198,914 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 198,914 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in T. Rowe Price Blue Chip Growth ETF by 108.9% during the 2nd quarter. Cetera Investment Advisers now owns 3,282,913 shares of the company’s stock valued at $148,880,000 after purchasing an additional 1,711,474 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 28.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock worth $88,850,000 after purchasing an additional 434,992 shares during the period. Mars Jewett Financial Group Inc. acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at about $18,545,000. Price T Rowe Associates Inc. MD lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 16.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock valued at $87,754,000 after buying an additional 250,000 shares during the period. Finally, &PARTNERS lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 1,126.6% in the fourth quarter. &PARTNERS now owns 236,866 shares of the company’s stock valued at $11,810,000 after buying an additional 217,556 shares during the period.

T. Rowe Price Blue Chip Growth ETF Price Performance

Shares of NYSEARCA TCHP traded down $0.47 during trading hours on Friday, hitting $46.67. 172,965 shares of the company’s stock were exchanged, compared to its average volume of 227,438. The company’s 50-day moving average price is $48.72 and its 200-day moving average price is $48.76. T. Rowe Price Blue Chip Growth ETF has a 1-year low of $32.67 and a 1-year high of $51.77. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15.

About T. Rowe Price Blue Chip Growth ETF

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.