T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Sees Large Decline in Short Interest

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,430 shares, a drop of 39.8% from the July 15th total of 10,673 shares. Based on an average trading volume of 3,109 shares, the short-interest ratio is currently 2.1 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of T. Rowe Price Hedged Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF during the second quarter worth about $405,000. SageGuard Financial Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF in the 1st quarter valued at approximately $699,000. Finally, HighTower Advisors LLC lifted its stake in T. Rowe Price Hedged Equity ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after acquiring an additional 3,469 shares in the last quarter.

T. Rowe Price Hedged Equity ETF Trading Down 0.7%

THEQ opened at $30.26 on Wednesday. The stock has a market capitalization of $38.43 million, a P/E ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a 12 month low of $26.77 and a 12 month high of $31.59. The firm’s fifty day simple moving average is $29.87 and its 200 day simple moving average is $29.01.

T. Rowe Price Hedged Equity ETF Company Profile

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.