T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Sees Large Decrease in Short Interest

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,845 shares, a decrease of 66.6% from the July 15th total of 8,513 shares. Based on an average trading volume of 3,226 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. grew its holdings in shares of T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,122 shares of the company’s stock after purchasing an additional 413 shares during the quarter. Essex Financial Services Inc. owned approximately 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 at the end of the most recent quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price International Equity Research ETF Price Performance

Shares of NYSEARCA TIER traded down $0.05 during midday trading on Friday, hitting $33.10. The stock had a trading volume of 5,505 shares, compared to its average volume of 5,681. The company’s 50 day simple moving average is $32.10. The firm has a market capitalization of $36.41 million, a P/E ratio of -63.65 and a beta of 0.88. T. Rowe Price International Equity Research ETF has a 1 year low of $25.92 and a 1 year high of $34.49.