T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Down 55.5% in January

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 90,913 shares, a decrease of 55.5% from the January 15th total of 204,134 shares. Based on an average daily volume of 49,271 shares, the short-interest ratio is presently 1.8 days. Approximately 2.2% of the shares of the stock are sold short. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 49,271 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Institutional investors have recently made changes to their positions in the stock. Gateway Wealth Partners LLC acquired a new stake in shares of T. Rowe Price Technology ETF during the fourth quarter valued at $15,444,000. LPL Financial LLC purchased a new position in T. Rowe Price Technology ETF in the 4th quarter valued at about $7,601,000. 4J Wealth Management LLC lifted its holdings in T. Rowe Price Technology ETF by 29.1% in the 4th quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after purchasing an additional 41,460 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of T. Rowe Price Technology ETF by 453.3% during the 3rd quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock worth $2,194,000 after purchasing an additional 55,661 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of T. Rowe Price Technology ETF by 306.4% during the second quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock worth $1,454,000 after buying an additional 37,697 shares in the last quarter.

T. Rowe Price Technology ETF Price Performance

Shares of TTEQ opened at $32.76 on Thursday. T. Rowe Price Technology ETF has a 1-year low of $19.83 and a 1-year high of $35.02. The stock has a market cap of $132.68 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. The firm has a 50 day simple moving average of $32.88 and a 200-day simple moving average of $32.23.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.