T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Sees Large Growth in Short Interest

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 16,911 shares, an increase of 494.4% from the July 30th total of 2,845 shares. Based on an average daily trading volume, of 26,513 shares, the short-interest ratio is currently 0.6 days. Approximately 1.5% of the company’s shares are short sold.

T. Rowe Price International Equity Research ETF Stock Up 1.0%

Shares of NYSEARCA:TIER opened at $33.16 on Wednesday. The company has a market capitalization of $36.48 million, a PE ratio of -63.77 and a beta of 0.88. The company’s 50-day moving average is $32.29. T. Rowe Price International Equity Research ETF has a 12-month low of $25.92 and a 12-month high of $34.49.

Hedge Funds Weigh In On T. Rowe Price International Equity Research ETF

An institutional investor recently raised its position in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. boosted its stake in T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,122 shares of the company’s stock after purchasing an additional 413 shares during the period. Essex Financial Services Inc. owned about 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 75.94% of the company’s stock.