T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Significant Increase in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 685,951 shares, a growth of 1,792.5% from the July 30th total of 36,246 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average daily volume of 112,927 shares, the short-interest ratio is currently 6.1 days.

T. Rowe Price Technology ETF Trading Up 1.4%

Shares of TTEQ stock opened at $41.09 on Wednesday. The firm has a fifty day simple moving average of $41.72 and a 200-day simple moving average of $37.89. The company has a market capitalization of $384.19 million, a PE ratio of 36.82 and a beta of 1.88. T. Rowe Price Technology ETF has a twelve month low of $28.69 and a twelve month high of $45.76.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

A number of institutional investors have recently added to or reduced their stakes in TTEQ. Gateway Wealth Partners LLC acquired a new stake in shares of T. Rowe Price Technology ETF during the fourth quarter valued at about $15,444,000. LPL Financial LLC acquired a new position in shares of T. Rowe Price Technology ETF in the fourth quarter worth about $7,601,000. Stifel Financial Corp boosted its holdings in T. Rowe Price Technology ETF by 267.1% in the fourth quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock valued at $3,174,000 after purchasing an additional 71,026 shares during the last quarter. Citadel Advisors LLC boosted its holdings in T. Rowe Price Technology ETF by 453.3% in the third quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after purchasing an additional 55,661 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in T. Rowe Price Technology ETF by 306.4% in the second quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $1,454,000 after purchasing an additional 37,697 shares during the last quarter.

T. Rowe Price Technology ETF Company Profile

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.