Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Grows By 89.1%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 15,484 shares, an increase of 89.1% from the February 26th total of 8,190 shares. Based on an average trading volume of 39,574 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

T. Rowe Price Technology ETF Stock Down 1.6%

T. Rowe Price Technology ETF stock traded down $0.50 during midday trading on Thursday, hitting $30.84. 6,047 shares of the stock were exchanged, compared to its average volume of 55,068. T. Rowe Price Technology ETF has a 52-week low of $19.83 and a 52-week high of $35.02. The business’s 50-day moving average price is $32.22 and its 200-day moving average price is $32.52. The stock has a market capitalization of $124.90 million, a price-to-earnings ratio of 36.82 and a beta of 1.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 4J Wealth Management LLC lifted its position in shares of T. Rowe Price Technology ETF by 45.4% during the 3rd quarter. 4J Wealth Management LLC now owns 142,251 shares of the company’s stock valued at $4,594,000 after buying an additional 44,445 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in T. Rowe Price Technology ETF by 5,328.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock valued at $1,615,000 after acquiring an additional 48,755 shares during the period. Private Trust Co. NA purchased a new stake in T. Rowe Price Technology ETF during the fourth quarter valued at about $39,000. United Advisor Group LLC boosted its position in T. Rowe Price Technology ETF by 1.7% during the fourth quarter. United Advisor Group LLC now owns 24,000 shares of the company’s stock worth $780,000 after purchasing an additional 390 shares during the period. Finally, Wealthcare Capital Partners LLC increased its stake in shares of T. Rowe Price Technology ETF by 14.5% in the fourth quarter. Wealthcare Capital Partners LLC now owns 9,888 shares of the company’s stock worth $322,000 after purchasing an additional 1,249 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.