Short Interest in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Expands By 69.7%

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 107,091 shares, an increase of 69.7% from the December 31st total of 63,102 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 380,512 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 380,512 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

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

Several hedge funds have recently added to or reduced their stakes in TCHP. Cetera Investment Advisers raised its position in shares of T. Rowe Price Blue Chip Growth ETF by 108.9% during the 2nd quarter. Cetera Investment Advisers now owns 3,282,913 shares of the company’s stock worth $148,880,000 after purchasing an additional 1,711,474 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the 2nd quarter valued at about $19,858,000. Northwestern Mutual Wealth Management Co. raised its position in shares of T. Rowe Price Blue Chip Growth ETF by 28.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock worth $88,850,000 after acquiring an additional 434,992 shares in the last quarter. Elevation Capital Advisory LLC lifted its stake in T. Rowe Price Blue Chip Growth ETF by 254.2% in the second quarter. Elevation Capital Advisory LLC now owns 288,685 shares of the company’s stock valued at $13,092,000 after buying an additional 207,184 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 4th quarter valued at approximately $9,218,000.

T. Rowe Price Blue Chip Growth ETF Trading Down 0.7%

TCHP traded down $0.35 on Friday, hitting $48.89. 149,808 shares of the company’s stock traded hands, compared to its average volume of 270,565. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15. The company’s 50 day simple moving average is $49.71 and its 200-day simple moving average is $48.68. T. Rowe Price Blue Chip Growth ETF has a one year low of $32.67 and a one year high of $51.77.

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.