T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Significant Drop in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 63,164 shares, a drop of 44.2% from the February 26th total of 113,160 shares. Based on an average daily trading volume, of 136,094 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 4th quarter worth about $27,000. Arax Advisory Partners acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 4th quarter valued at about $30,000. Comerica Bank acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 1st quarter valued at about $38,000. Finally, Bank of Montreal Can bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at about $46,000.

T. Rowe Price Blue Chip Growth ETF Stock Down 1.5%

Shares of TCHP traded down $0.67 during mid-day trading on Friday, hitting $43.00. The stock had a trading volume of 28,334 shares, compared to its average volume of 236,669. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $32.67 and a fifty-two week high of $51.77. The company has a market cap of $1.62 billion, a PE ratio of 37.14 and a beta of 1.15. The company’s fifty day simple moving average is $47.04 and its two-hundred day simple moving average is $48.55.

About T. Rowe Price Blue Chip Growth ETF

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.