Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Expands By 188.5%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 7,328 shares, an increase of 188.5% from the December 15th total of 2,540 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 12,557 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 12,557 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

T. Rowe Price Equity Income ETF Price Performance

Shares of TEQI stock opened at $46.15 on Wednesday. The stock’s 50-day moving average is $44.68 and its 200 day moving average is $43.80. The company has a market cap of $376.58 million, a P/E ratio of 17.60 and a beta of 0.85. T. Rowe Price Equity Income ETF has a 1-year low of $36.21 and a 1-year high of $46.52.

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

Large investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. lifted its position in shares of T. Rowe Price Equity Income ETF by 6.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock worth $275,000 after purchasing an additional 400 shares during the last quarter. Triangle Securities Wealth Management increased its stake in shares of T. Rowe Price Equity Income ETF by 7.6% in the 3rd quarter. Triangle Securities Wealth Management now owns 15,499 shares of the company’s stock valued at $680,000 after acquiring an additional 1,089 shares during the last quarter. Royal Bank of Canada grew its holdings in T. Rowe Price Equity Income ETF by 11.4% during the first quarter. Royal Bank of Canada now owns 17,424 shares of the company’s stock valued at $730,000 after purchasing an additional 1,782 shares during the period. Glass Jacobson Investment Advisors llc increased its stake in T. Rowe Price Equity Income ETF by 105.7% in the second quarter. Glass Jacobson Investment Advisors llc now owns 4,617 shares of the company’s stock valued at $196,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in T. Rowe Price Equity Income ETF by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 23,432 shares of the company’s stock worth $997,000 after purchasing an additional 2,449 shares during the period.

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.