Short Interest in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Drops By 16.4%

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 72,490 shares, a decrease of 16.4% from the March 31st total of 86,692 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 261,257 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cherry Tree Wealth Management LLC bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth approximately $27,000. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth approximately $30,000. Comerica Bank bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the first quarter worth approximately $38,000. Finally, Fifth Third Bancorp bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the first quarter worth approximately $44,000.

T. Rowe Price Blue Chip Growth ETF Stock Up 0.5%

T. Rowe Price Blue Chip Growth ETF stock opened at $50.13 on Friday. T. Rowe Price Blue Chip Growth ETF has a 12 month low of $39.13 and a 12 month high of $51.77. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 37.14 and a beta of 1.19. The business has a 50 day moving average price of $46.69 and a two-hundred day moving average price of $48.33.

About T. Rowe Price Blue Chip Growth ETF

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.