T. Rowe Price Value ETF (NYSEARCA:TVAL – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 52,866 shares, a growth of 344.7% from the August 15th total of 11,888 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 99,924 shares, the days-to-cover ratio is currently 0.5 days.
T. Rowe Price Value ETF Stock Performance
NYSEARCA TVAL traded up $0.38 on Friday, reaching $43.08. 164,651 shares of the stock traded hands, compared to its average volume of 96,419. The company has a fifty day moving average price of $42.79 and a 200-day moving average price of $40.31. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 20.80 and a beta of 0.78. T. Rowe Price Value ETF has a 12 month low of $33.55 and a 12 month high of $43.60.
Hedge Funds Weigh In On T. Rowe Price Value ETF
Several institutional investors have recently made changes to their positions in TVAL. Raymond James Financial Inc. lifted its stake in T. Rowe Price Value ETF by 18.5% in the second quarter. Raymond James Financial Inc. now owns 69,806 shares of the company’s stock worth $2,292,000 after acquiring an additional 10,887 shares during the period. Jane Street Group LLC purchased a new position in T. Rowe Price Value ETF during the 2nd quarter valued at about $283,000. Citadel Advisors LLC purchased a new position in T. Rowe Price Value ETF during the 3rd quarter valued at about $1,339,000. Dahring Cusmano LLC increased its position in T. Rowe Price Value ETF by 37.7% during the 4th quarter. Dahring Cusmano LLC now owns 12,433 shares of the company’s stock valued at $438,000 after purchasing an additional 3,404 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of T. Rowe Price Value ETF by 15.3% in the 4th quarter. HighTower Advisors LLC now owns 12,416 shares of the company’s stock valued at $437,000 after purchasing an additional 1,651 shares in the last quarter.
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
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