T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 33.9% in August

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 13,592 shares, a decrease of 33.9% from the July 30th total of 20,575 shares. Based on an average daily volume of 17,918 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners bought a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth $53,000. Empowered Funds LLC bought a new position in shares of T. Rowe Price Equity Income ETF in the fourth quarter worth $130,000. NewEdge Advisors LLC purchased a new stake in shares of T. Rowe Price Equity Income ETF in the third quarter worth $450,000. Ascentis Independent Advisors bought a new position in T. Rowe Price Equity Income ETF in the 1st quarter worth about $457,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of T. Rowe Price Equity Income ETF in the 4th quarter valued at about $460,000.

T. Rowe Price Equity Income ETF Stock Down 0.2%

TEQI traded down $0.13 during trading on Tuesday, hitting $52.28. The company’s stock had a trading volume of 6,641 shares, compared to its average volume of 13,814. The firm has a market capitalization of $464.77 million, a P/E ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a twelve month low of $42.44 and a twelve month high of $53.26. The stock’s fifty day moving average price is $51.76 and its 200-day moving average price is $49.09.

T. Rowe Price Equity Income ETF Company Profile

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.