Short Interest in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Declines By 46.8%

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 88,258 shares, a drop of 46.8% from the January 29th total of 165,968 shares. Based on an average daily volume of 198,914 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 198,914 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF

Several hedge funds have recently bought and sold shares of the business. Comerica Bank acquired a new stake in T. Rowe Price Blue Chip Growth ETF during the 1st quarter worth about $38,000. Royal Bank of Canada lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 7.4% in the first quarter. Royal Bank of Canada now owns 65,275 shares of the company’s stock worth $2,487,000 after purchasing an additional 4,524 shares in the last quarter. Linscomb Wealth Inc. boosted its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 0.3% during the second quarter. Linscomb Wealth Inc. now owns 249,386 shares of the company’s stock worth $11,310,000 after purchasing an additional 804 shares during the period. NBZ Investment Advisors LLC grew its position in T. Rowe Price Blue Chip Growth ETF by 6.9% during the second quarter. NBZ Investment Advisors LLC now owns 60,764 shares of the company’s stock valued at $2,756,000 after purchasing an additional 3,945 shares in the last quarter. Finally, Souders Financial Advisors grew its position in T. Rowe Price Blue Chip Growth ETF by 6.1% during the second quarter. Souders Financial Advisors now owns 302,768 shares of the company’s stock valued at $13,731,000 after purchasing an additional 17,517 shares in the last quarter.

T. Rowe Price Blue Chip Growth ETF Price Performance

NYSEARCA TCHP traded down $0.47 on Friday, hitting $46.67. 172,965 shares of the stock were exchanged, compared to its average volume of 227,438. The company’s 50-day moving average price is $48.72 and its two-hundred day moving average price is $48.76. T. Rowe Price Blue Chip Growth ETF has a 52-week low of $32.67 and a 52-week high of $51.77. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15.

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.