T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Significant Decline in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 21,807 shares, a drop of 96.8% from the August 15th total of 685,951 shares. Based on an average daily volume of 80,867 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several large investors have recently bought and sold shares of TTEQ. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF during the second quarter worth about $27,000. Arax Advisory Partners acquired a new position in T. Rowe Price Technology ETF during the fourth quarter worth $31,000. Western Wealth Management LLC purchased a new stake in T. Rowe Price Technology ETF during the first quarter worth $45,000. Osaic Holdings Inc. increased its stake in shares of T. Rowe Price Technology ETF by 43.9% during the 4th quarter. Osaic Holdings Inc. now owns 8,308 shares of the company’s stock worth $270,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of T. Rowe Price Technology ETF during the 2nd quarter worth about $309,000.

T. Rowe Price Technology ETF Trading Up 1.5%

TTEQ stock traded up $0.61 during trading on Friday, reaching $42.26. 30,120 shares of the stock were exchanged, compared to its average volume of 96,691. The firm has a market capitalization of $395.08 million, a price-to-earnings ratio of 36.82 and a beta of 1.88. T. Rowe Price Technology ETF has a 1 year low of $28.69 and a 1 year high of $45.76. The business has a 50 day moving average price of $41.30 and a 200-day moving average price of $38.70.

About T. Rowe Price Technology ETF

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.