T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sees Significant Decrease in Short Interest

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 194,582 shares, a drop of 34.2% from the June 30th total of 295,689 shares. Based on an average daily volume of 403,731 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

T. Rowe Price U.S. Equity Research ETF Price Performance

TSPA opened at $47.12 on Friday. The firm has a market capitalization of $4.24 billion, a P/E ratio of 26.98 and a beta of 1.01. T. Rowe Price U.S. Equity Research ETF has a one year low of $39.01 and a one year high of $48.03. The company has a fifty day moving average price of $47.12 and a 200-day moving average price of $44.78.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in T. Rowe Price U.S. Equity Research ETF in the 4th quarter worth about $30,000. Fifth Third Bancorp boosted its position in shares of T. Rowe Price U.S. Equity Research ETF by 2,895.8% during the 4th quarter. Fifth Third Bancorp now owns 719 shares of the company’s stock valued at $31,000 after acquiring an additional 695 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of T. Rowe Price U.S. Equity Research ETF during the 4th quarter valued at about $44,000. Osaic Holdings Inc. grew its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 498.0% during the second quarter. Osaic Holdings Inc. now owns 1,196 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of T. Rowe Price U.S. Equity Research ETF during the second quarter worth about $51,000.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.