T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Short Interest Down 48.9% in July

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 30,391 shares, a decrease of 48.9% from the July 15th total of 59,520 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 196,537 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

A number of large investors have recently made changes to their positions in the company. Nvest Wealth Strategies Inc. boosted its stake in T. Rowe Price Blue Chip Growth ETF by 3.9% in the 2nd quarter. Nvest Wealth Strategies Inc. now owns 5,877 shares of the company’s stock valued at $294,000 after purchasing an additional 221 shares during the period. G&S Capital LLC bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the second quarter valued at about $283,000. MTM Financial Group LLC boosted its position in shares of T. Rowe Price Blue Chip Growth ETF by 29.8% in the first quarter. MTM Financial Group LLC now owns 11,349 shares of the company’s stock valued at $501,000 after acquiring an additional 2,603 shares during the period. NewEdge Advisors LLC grew its stake in shares of T. Rowe Price Blue Chip Growth ETF by 12.6% in the first quarter. NewEdge Advisors LLC now owns 96,807 shares of the company’s stock valued at $4,277,000 after acquiring an additional 10,813 shares in the last quarter. Finally, WNY Asset Management LLC bought a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth about $603,000.

T. Rowe Price Blue Chip Growth ETF Stock Performance

Shares of TCHP stock traded down $0.78 during midday trading on Tuesday, hitting $50.39. 683,111 shares of the company were exchanged, compared to its average volume of 236,991. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $42.26 and a 52 week high of $53.26. The firm has a market capitalization of $2.17 billion, a P/E ratio of 37.14 and a beta of 1.20. The firm’s 50 day moving average price is $49.82 and its two-hundred day moving average price is $48.76.

T. Rowe Price Blue Chip Growth ETF Company Profile

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.