T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Down 87.7% in August

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 789 shares, a decline of 87.7% from the July 30th total of 6,430 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,172 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of T. Rowe Price Hedged Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC increased its stake in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after acquiring an additional 3,469 shares during the period. Jane Street Group LLC raised its stake in shares of T. Rowe Price Hedged Equity ETF by 70.0% during the 4th quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock valued at $650,000 after buying an additional 9,557 shares during the last quarter. Finally, SageGuard Financial Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF during the 1st quarter valued at about $699,000.

T. Rowe Price Hedged Equity ETF Stock Performance

THEQ stock traded down $0.04 during midday trading on Wednesday, reaching $30.28. The stock had a trading volume of 1,363 shares, compared to its average volume of 4,818. The firm has a fifty day simple moving average of $29.93 and a two-hundred day simple moving average of $29.08. T. Rowe Price Hedged Equity ETF has a 52-week low of $26.77 and a 52-week high of $31.59. The stock has a market cap of $38.46 million, a PE ratio of 24.54 and a beta of 0.66.

T. Rowe Price Hedged Equity ETF Company Profile

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.