T. Rowe Price Value ETF (NYSEARCA:TVAL) Short Interest Up 146.3% in June

T. Rowe Price Value ETF (NYSEARCA:TVAL) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,321 shares, an increase of 146.3% from the May 31st total of 14,339 shares. Based on an average trading volume of 54,002 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

T. Rowe Price Value ETF Stock Performance

TVAL traded up $0.12 during trading on Wednesday, reaching $41.80. 8,049 shares of the company’s stock were exchanged, compared to its average volume of 101,761. The company’s fifty day moving average price is $40.36 and its 200-day moving average price is $38.00. T. Rowe Price Value ETF has a fifty-two week low of $32.26 and a fifty-two week high of $41.81. The firm has a market capitalization of $725.23 million, a PE ratio of 20.80 and a beta of 0.81.

Institutional Investors Weigh In On T. Rowe Price Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TVAL. Flaharty Asset Management LLC bought a new stake in shares of T. Rowe Price Value ETF in the 4th quarter valued at about $16,913,000. Northwest Wealth Advisors LLC bought a new position in T. Rowe Price Value ETF during the 4th quarter worth approximately $5,127,000. N.E.W. Advisory Services LLC grew its holdings in T. Rowe Price Value ETF by 544.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 138,352 shares of the company’s stock valued at $4,873,000 after purchasing an additional 116,888 shares during the period. Corient Private Wealth LLC grew its holdings in T. Rowe Price Value ETF by 89.7% during the fourth quarter. Corient Private Wealth LLC now owns 40,525 shares of the company’s stock valued at $1,427,000 after purchasing an additional 19,160 shares during the period. Finally, GeoWealth Management LLC bought a new stake in T. Rowe Price Value ETF in the fourth quarter valued at approximately $258,000.

About T. Rowe Price Value ETF

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