T. Rowe Price Value ETF (NYSEARCA:TVAL) Stock Short Interest Drops 56.2%

T. Rowe Price Value ETF (NYSEARCA:TVAL) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 12,723 shares, a drop of 56.2% from the September 30th total of 29,076 shares. Based on an average daily volume of 123,955 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

T. Rowe Price Value ETF Trading Down 1.0%

T. Rowe Price Value ETF stock traded down $0.44 during mid-day trading on Friday, reaching $43.68. The company’s stock had a trading volume of 356,807 shares, compared to its average volume of 102,616. T. Rowe Price Value ETF has a twelve month low of $33.56 and a twelve month high of $44.12. The business has a 50 day moving average price of $42.96 and a 200-day moving average price of $40.30. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 20.80 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of T. Rowe Price Value ETF during the 3rd quarter valued at about $65,000. EverSource Wealth Advisors LLC acquired a new stake in T. Rowe Price Value ETF during the first quarter worth about $115,000. Hopwood Financial Services Inc. raised its stake in T. Rowe Price Value ETF by 6.7% during the third quarter. Hopwood Financial Services Inc. now owns 55,356 shares of the company’s stock worth $2,326,000 after acquiring an additional 3,493 shares during the period. L.K. Benson & Company P.C. bought a new position in T. Rowe Price Value ETF in the third quarter worth about $306,000. Finally, Integrated Wealth Concepts LLC bought a new position in T. Rowe Price Value ETF in the second quarter worth about $316,000.

T. Rowe Price Value ETF Company Profile

The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser