T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Significant Increase in Short Interest

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 67,533 shares, a growth of 28.9% from the January 15th total of 52,373 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 87,309 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 87,309 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

T. Rowe Price Dividend Growth ETF Trading Up 0.4%

TDVG stock traded up $0.17 during trading on Monday, hitting $46.65. 54,419 shares of the company’s stock were exchanged, compared to its average volume of 79,191. T. Rowe Price Dividend Growth ETF has a 52-week low of $35.39 and a 52-week high of $47.26. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86. The business has a 50-day moving average price of $45.65 and a two-hundred day moving average price of $44.42.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDVG. Sequoia Financial Advisors LLC grew its stake in T. Rowe Price Dividend Growth ETF by 1,032.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,762,326 shares of the company’s stock valued at $165,392,000 after acquiring an additional 3,430,206 shares during the last quarter. Bank of America Corp DE grew its position in shares of T. Rowe Price Dividend Growth ETF by 48.2% in the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock valued at $105,058,000 after purchasing an additional 777,580 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in T. Rowe Price Dividend Growth ETF by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,363,925 shares of the company’s stock worth $57,803,000 after purchasing an additional 217,053 shares during the period. Yarger Wealth Strategies LLC raised its position in shares of T. Rowe Price Dividend Growth ETF by 22.5% in the 3rd quarter. Yarger Wealth Strategies LLC now owns 389,942 shares of the company’s stock worth $17,142,000 after buying an additional 71,614 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in T. Rowe Price Dividend Growth ETF by 21.9% in the third quarter. Jones Financial Companies Lllp now owns 334,587 shares of the company’s stock valued at $14,625,000 after buying an additional 60,083 shares during the period.

T. Rowe Price Dividend Growth ETF Company Profile

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.