Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Grows By 30.5%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 8,190 shares, a growth of 30.5% from the February 12th total of 6,276 shares. Based on an average trading volume of 95,759 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 95,759 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gateway Wealth Partners LLC purchased a new stake in shares of T. Rowe Price Technology ETF during the fourth quarter valued at approximately $15,444,000. LPL Financial LLC bought a new position in T. Rowe Price Technology ETF in the 4th quarter valued at approximately $7,601,000. 4J Wealth Management LLC lifted its position in T. Rowe Price Technology ETF by 29.1% in the 4th quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after acquiring an additional 41,460 shares in the last quarter. Stifel Financial Corp boosted its stake in T. Rowe Price Technology ETF by 267.1% during the 4th quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock valued at $3,174,000 after purchasing an additional 71,026 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in T. Rowe Price Technology ETF by 453.3% during the 3rd quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after purchasing an additional 55,661 shares during the last quarter.

T. Rowe Price Technology ETF Price Performance

Shares of T. Rowe Price Technology ETF stock opened at $31.10 on Friday. The stock has a market cap of $125.96 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. The firm’s 50-day moving average is $32.53 and its 200 day moving average is $32.47. T. Rowe Price Technology ETF has a 1 year low of $19.83 and a 1 year high of $35.02.

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.