T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Up 436.8% in May

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,246 shares, an increase of 436.8% from the April 30th total of 1,536 shares. Based on an average trading volume of 5,615 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.7% of the company’s stock are sold short.

T. Rowe Price Hedged Equity ETF Stock Performance

Shares of NYSEARCA THEQ traded up $0.11 during midday trading on Thursday, reaching $30.00. 664 shares of the company’s stock were exchanged, compared to its average volume of 4,664. T. Rowe Price Hedged Equity ETF has a 52-week low of $25.41 and a 52-week high of $30.06. The stock has a market capitalization of $33 million, a PE ratio of 24.54 and a beta of 0.66. The business’s fifty day moving average price is $28.53 and its two-hundred day moving average price is $28.29.

Institutional Trading of T. Rowe Price Hedged Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of THEQ. DAVENPORT & Co LLC bought a new stake in T. Rowe Price Hedged Equity ETF in the fourth quarter valued at about $354,000. Jane Street Group LLC bought a new stake in T. Rowe Price Hedged Equity ETF in the second quarter valued at about $405,000. SageGuard Financial Group LLC bought a new stake in T. Rowe Price Hedged Equity ETF in the first quarter valued at about $699,000. Finally, HighTower Advisors LLC bought a new stake in T. Rowe Price Hedged Equity ETF in the third quarter valued at about $4,762,000.

About T. Rowe Price Hedged Equity ETF

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.