Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Declines By 85.2%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 39,236 shares, a drop of 85.2% from the April 30th total of 264,964 shares. Based on an average trading volume of 58,285 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Advisors Ltd. LLC lifted its holdings in T. Rowe Price Dividend Growth ETF by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 28,041 shares of the company’s stock worth $1,251,000 after buying an additional 217 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in T. Rowe Price Dividend Growth ETF by 1.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 15,709 shares of the company’s stock worth $706,000 after purchasing an additional 276 shares during the last quarter. First Heartland Consultants Inc. lifted its position in shares of T. Rowe Price Dividend Growth ETF by 2.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 11,741 shares of the company’s stock worth $516,000 after buying an additional 293 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in T. Rowe Price Dividend Growth ETF by 0.8% in the fourth quarter. Beaumont Financial Advisors LLC now owns 44,288 shares of the company’s stock worth $1,992,000 after acquiring an additional 351 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 4.6% during the fourth quarter. DAVENPORT & Co LLC now owns 9,152 shares of the company’s stock worth $412,000 after acquiring an additional 402 shares during the last quarter.

T. Rowe Price Dividend Growth ETF Stock Up 0.2%

Shares of NYSEARCA TDVG traded up $0.09 during midday trading on Thursday, hitting $47.93. The stock had a trading volume of 9,187 shares, compared to its average volume of 61,615. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 24.89 and a beta of 0.80. T. Rowe Price Dividend Growth ETF has a 1-year low of $41.00 and a 1-year high of $48.11. The company has a fifty day moving average price of $46.23 and a 200 day moving average price of $45.79.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.