T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 21.7% in March

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 18,772 shares, a drop of 21.7% from the February 26th total of 23,960 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 7,737 shares, the days-to-cover ratio is presently 2.4 days.

T. Rowe Price Equity Income ETF Price Performance

TEQI traded down $0.04 during trading on Monday, hitting $44.22. 8,975 shares of the stock traded hands, compared to its average volume of 12,273. The business has a 50 day moving average price of $46.46 and a 200 day moving average price of $45.08. T. Rowe Price Equity Income ETF has a twelve month low of $36.21 and a twelve month high of $47.99. The company has a market cap of $358.18 million, a price-to-earnings ratio of 17.60 and a beta of 0.85.

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

A number of institutional investors have recently modified their holdings of TEQI. Arax Advisory Partners acquired a new stake in T. Rowe Price Equity Income ETF in the fourth quarter valued at about $53,000. Empowered Funds LLC acquired a new position in T. Rowe Price Equity Income ETF during the fourth quarter worth about $130,000. J.W. Cole Advisors Inc. lifted its holdings in shares of T. Rowe Price Equity Income ETF by 6.6% in the second quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock worth $275,000 after acquiring an additional 400 shares during the last quarter. ORG Partners LLC bought a new position in shares of T. Rowe Price Equity Income ETF in the third quarter worth about $403,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of T. Rowe Price Equity Income ETF in the 3rd quarter valued at approximately $450,000.

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.