T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 75,849 shares, an increase of 149.6% from the July 30th total of 30,391 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 180,592 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCHP. Cherry Tree Wealth Management LLC purchased a new position in T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at $27,000. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at $30,000. Comerica Bank purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 1st quarter valued at $38,000. Finally, Fifth Third Bancorp purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 1st quarter valued at $44,000.
T. Rowe Price Blue Chip Growth ETF Stock Up 0.3%
NYSEARCA TCHP opened at $51.14 on Friday. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $42.26 and a 52 week high of $53.26. The company has a market capitalization of $2.20 billion, a P/E ratio of 37.14 and a beta of 1.20. The stock’s 50-day moving average price is $49.86 and its 200-day moving average price is $48.88.
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.
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