T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Sees Large Growth in Short Interest

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 16,911 shares, a growth of 494.4% from the July 30th total of 2,845 shares. Based on an average daily volume of 26,513 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.5% of the company’s shares are sold short.

T. Rowe Price International Equity Research ETF Stock Performance

NYSEARCA:TIER opened at $33.16 on Wednesday. The stock has a 50-day moving average of $32.29. The stock has a market cap of $36.48 million, a PE ratio of -63.77 and a beta of 0.88. T. Rowe Price International Equity Research ETF has a 12 month low of $25.92 and a 12 month high of $34.49.

Institutional Trading of T. Rowe Price International Equity Research ETF

An institutional investor recently raised its position in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. raised its position in shares of T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,122 shares of the company’s stock after acquiring an additional 413 shares during the quarter. Essex Financial Services Inc. owned approximately 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 at the end of the most recent quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.