Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Grows By 1,792.5%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 685,951 shares, a growth of 1,792.5% from the July 30th total of 36,246 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 112,927 shares, the days-to-cover ratio is presently 6.1 days.

T. Rowe Price Technology ETF Trading Up 1.4%

T. Rowe Price Technology ETF stock traded up $0.55 during midday trading on Tuesday, reaching $41.09. 71,698 shares of the stock traded hands, compared to its average volume of 97,578. The company has a 50-day simple moving average of $41.76 and a two-hundred day simple moving average of $37.82. T. Rowe Price Technology ETF has a 12-month low of $28.69 and a 12-month high of $45.76. The firm has a market cap of $384.19 million, a PE ratio of 36.82 and a beta of 1.88.

Institutional Trading of T. Rowe Price Technology ETF

Several hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF in the second quarter valued at approximately $27,000. Arax Advisory Partners purchased a new stake in T. Rowe Price Technology ETF during the 4th quarter worth approximately $31,000. Western Wealth Management LLC purchased a new stake in T. Rowe Price Technology ETF during the 1st quarter worth approximately $45,000. Osaic Holdings Inc. lifted its holdings in 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 buying an additional 2,536 shares in the last quarter. Finally, Insight Advisors LLC PA acquired a new stake in T. Rowe Price Technology ETF during the 4th quarter worth approximately $312,000.

T. Rowe Price Technology ETF Company Profile

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.