T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sees Significant Drop in Short Interest

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 256,898 shares, a decline of 82.0% from the May 31st total of 1,428,225 shares. Based on an average daily trading volume, of 232,568 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are short sold.

T. Rowe Price U.S. Equity Research ETF Stock Performance

Shares of TSPA traded down $0.16 during trading hours on Friday, hitting $46.37. 228,015 shares of the stock were exchanged, compared to its average volume of 382,186. T. Rowe Price U.S. Equity Research ETF has a 12-month low of $38.47 and a 12-month high of $48.03. The stock’s 50-day moving average price is $46.52 and its two-hundred day moving average price is $44.07. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01.

Institutional Investors Weigh In On T. Rowe Price U.S. Equity Research ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TSPA. Royal Bank of Canada acquired a new stake in shares of T. Rowe Price U.S. Equity Research ETF during the 1st quarter worth approximately $1,630,000. Qube Research & Technologies Ltd purchased a new position in T. Rowe Price U.S. Equity Research ETF in the second quarter worth approximately $67,000. Raymond James Financial Inc. purchased a new position in T. Rowe Price U.S. Equity Research ETF in the second quarter worth approximately $51,000. Bank of America Corp DE increased its stake in T. Rowe Price U.S. Equity Research ETF by 133.3% during the second quarter. Bank of America Corp DE now owns 5,288 shares of the company’s stock worth $206,000 after acquiring an additional 3,021 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in T. Rowe Price U.S. Equity Research ETF by 273.9% during the second quarter. MML Investors Services LLC now owns 41,080 shares of the company’s stock worth $1,598,000 after acquiring an additional 30,094 shares during the last quarter.

T. Rowe Price U.S. Equity Research ETF Company Profile

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.