T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Up 1,023.5% in May

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 521,913 shares, an increase of 1,023.5% from the April 30th total of 46,455 shares. Based on an average daily volume of 93,511 shares, the days-to-cover ratio is currently 5.6 days. Approximately 9.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in T. Rowe Price Technology ETF in the first quarter worth $45,000. Cetera Investment Advisers boosted its position in T. Rowe Price Technology ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock worth $882,000 after purchasing an additional 3,384 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of T. Rowe Price Technology ETF in the first quarter valued at $702,000. Kestra Advisory Services LLC increased its position in shares of T. Rowe Price Technology ETF by 573.6% in the first quarter. Kestra Advisory Services LLC now owns 42,102 shares of the company’s stock valued at $1,274,000 after buying an additional 35,852 shares in the last quarter. Finally, Integrity Wealth Partners LLC purchased a new position in shares of T. Rowe Price Technology ETF in the first quarter valued at $1,212,000.

T. Rowe Price Technology ETF Stock Performance

NASDAQ:TTEQ traded down $0.09 during trading hours on Wednesday, hitting $43.18. The company’s stock had a trading volume of 129,515 shares, compared to its average volume of 73,620. The business’s 50-day moving average is $35.67 and its two-hundred day moving average is $33.63. The company has a market capitalization of $227.99 million, a PE ratio of 36.82 and a beta of 1.73. T. Rowe Price Technology ETF has a 52-week low of $26.17 and a 52-week high of $43.62.

T. Rowe Price Technology ETF Company Profile

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.