T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Up 436.8% in May

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 8,246 shares, an increase of 436.8% from the April 30th total of 1,536 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 5,615 shares, the days-to-cover ratio is currently 1.5 days.

T. Rowe Price Hedged Equity ETF Stock Up 0.4%

NYSEARCA THEQ traded up $0.11 on Thursday, reaching $30.00. 664 shares of the stock traded hands, compared to its average volume of 4,664. The firm’s fifty day simple moving average is $28.53 and its 200 day simple moving average is $28.29. The company has a market cap of $33 million, a price-to-earnings ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a 12 month low of $25.41 and a 12 month high of $30.06.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in T. Rowe Price Hedged Equity ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after purchasing an additional 3,469 shares in the last quarter. SageGuard Financial Group LLC bought a new position in T. Rowe Price Hedged Equity ETF during the 1st quarter valued at $699,000. Jane Street Group LLC boosted its stake in T. Rowe Price Hedged Equity ETF by 70.0% during the 4th quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock valued at $650,000 after purchasing an additional 9,557 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in T. Rowe Price Hedged Equity ETF during the 4th quarter valued at $354,000.

T. Rowe Price Hedged Equity ETF Company Profile

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.