T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Shares Shorted: Short Interest Down 86.7% in October

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 12,541 shares, a drop of 86.7% from the September 30th total of 94,494 shares. Based on an average daily trading volume, of 127,293 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

T. Rowe Price Blue Chip Growth ETF Trading Up 0.6%

TCHP stock traded up $0.30 on Tuesday, hitting $49.64. The company had a trading volume of 8,071 shares, compared to its average volume of 216,097. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 37.14 and a beta of 1.20. The stock’s 50-day simple moving average is $50.82 and its 200 day simple moving average is $49.33. T. Rowe Price Blue Chip Growth ETF has a 12-month low of $42.26 and a 12-month high of $53.26.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Several large investors have recently added to or reduced their stakes in TCHP. Capital Analysts LLC boosted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 50.7% during the 2nd quarter. Capital Analysts LLC now owns 98,321 shares of the company’s stock worth $4,925,000 after acquiring an additional 33,090 shares during the last quarter. WNY Asset Management LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth $603,000. Koshinski Asset Management Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter valued at $6,637,000. CMH Wealth Management LLC grew its holdings in T. Rowe Price Blue Chip Growth ETF by 7.6% during the second quarter. CMH Wealth Management LLC now owns 157,576 shares of the company’s stock valued at $7,893,000 after purchasing an additional 11,164 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $104,521,000.

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.