Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Expands By 80.1%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 72,948 shares, a growth of 80.1% from the May 31st total of 40,502 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 43,837 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Large investors have recently modified their holdings of the stock. Lighthouse Wealth Management Inc. grew its stake in T. Rowe Price Dividend Growth ETF by 59.1% during the 4th quarter. Lighthouse Wealth Management Inc. now owns 35,534 shares of the company’s stock worth $1,598,000 after purchasing an additional 13,196 shares in the last quarter. BIP Wealth LLC acquired a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $576,000. Fortis Group Advisors LLC acquired a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $948,000. Rockefeller Capital Management L.P. boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after buying an additional 46,440 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,670 shares of the company’s stock worth $4,714,000 after buying an additional 13,114 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Stock Performance

Shares of TDVG stock opened at $49.38 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 24.89 and a beta of 0.79. The company has a 50 day moving average price of $47.85 and a 200 day moving average price of $46.50. T. Rowe Price Dividend Growth ETF has a fifty-two week low of $41.85 and a fifty-two week high of $49.45.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.