T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Short Interest Update

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 39,236 shares, a decline of 85.2% from the April 30th total of 264,964 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 58,285 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TDVG. WNY Asset Management LLC acquired a new position in T. Rowe Price Dividend Growth ETF during the first quarter worth $287,000. Bank of America Corp DE lifted its holdings in T. Rowe Price Dividend Growth ETF by 8.0% in the 1st quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock valued at $112,724,000 after purchasing an additional 187,252 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the first quarter valued at approximately $4,885,000. Cetera Investment Advisers lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 12.4% during the 1st quarter. Cetera Investment Advisers now owns 308,853 shares of the company’s stock worth $13,784,000 after purchasing an additional 34,014 shares during the period. Finally, Grant Street Asset Management Inc. lifted its position in T. Rowe Price Dividend Growth ETF by 4.6% during the first quarter. Grant Street Asset Management Inc. now owns 112,912 shares of the company’s stock worth $5,039,000 after buying an additional 4,994 shares during the period.

T. Rowe Price Dividend Growth ETF Stock Up 0.2%

Shares of NYSEARCA TDVG traded up $0.09 during mid-day trading on Thursday, hitting $47.93. 9,187 shares of the company were exchanged, compared to its average volume of 61,615. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 24.89 and a beta of 0.80. T. Rowe Price Dividend Growth ETF has a 1-year low of $41.00 and a 1-year high of $48.11. The stock has a 50 day simple moving average of $46.23 and a 200-day simple moving average of $45.79.

About T. Rowe Price Dividend Growth ETF

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.