Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Declines By 96.8%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 21,807 shares, a decline of 96.8% from the August 15th total of 685,951 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 80,867 shares, the days-to-cover ratio is currently 0.3 days.

T. Rowe Price Technology ETF Trading Down 1.9%

Shares of T. Rowe Price Technology ETF stock traded down $0.80 on Thursday, reaching $41.64. 51,478 shares of the company were exchanged, compared to its average volume of 97,084. T. Rowe Price Technology ETF has a fifty-two week low of $28.69 and a fifty-two week high of $45.76. The firm has a market capitalization of $389.33 million, a price-to-earnings ratio of 36.82 and a beta of 1.88. The stock has a fifty day moving average price of $41.30 and a 200-day moving average price of $38.64.

Institutional Trading of T. Rowe Price Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of TTEQ. Northwestern Mutual Wealth Management Co. acquired a new position in shares of T. Rowe Price Technology ETF in the second quarter worth about $27,000. Jane Street Group LLC raised its holdings in shares of T. Rowe Price Technology ETF by 306.4% during the second quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $1,454,000 after acquiring an additional 37,697 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of T. Rowe Price Technology ETF during the second quarter valued at approximately $309,000. Osaic Holdings Inc. lifted its position in shares of T. Rowe Price Technology ETF by 654.8% in the 2nd quarter. Osaic Holdings Inc. now owns 19,309 shares of the company’s stock valued at $561,000 after acquiring an additional 16,751 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of T. Rowe Price Technology ETF by 453.3% in the 3rd quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after acquiring an additional 55,661 shares in 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.