T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Short Interest Up 111.9% in January

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 11,337 shares, a growth of 111.9% from the December 31st total of 5,350 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 43,081 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 43,081 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

T. Rowe Price Growth Stock ETF Stock Performance

Shares of NYSEARCA TGRW traded down $0.18 during midday trading on Friday, reaching $45.10. 783 shares of the stock were exchanged, compared to its average volume of 40,936. The stock has a market capitalization of $908.77 million, a P/E ratio of 40.49 and a beta of 1.18. The company has a 50 day simple moving average of $45.85 and a 200 day simple moving average of $45.10. T. Rowe Price Growth Stock ETF has a twelve month low of $30.81 and a twelve month high of $48.16.

Institutional Trading of T. Rowe Price Growth Stock ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of T. Rowe Price Growth Stock ETF in the 4th quarter valued at $44,000. Royal Bank of Canada grew its position in T. Rowe Price Growth Stock ETF by 6.4% in the 1st quarter. Royal Bank of Canada now owns 21,606 shares of the company’s stock valued at $773,000 after acquiring an additional 1,308 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in T. Rowe Price Growth Stock ETF during the second quarter worth about $245,000. Compass Financial Group INC SD increased its stake in T. Rowe Price Growth Stock ETF by 3.3% during the second quarter. Compass Financial Group INC SD now owns 22,566 shares of the company’s stock worth $949,000 after purchasing an additional 711 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in shares of T. Rowe Price Growth Stock ETF by 4.2% during the second quarter. Capital Advisors Ltd. LLC now owns 22,151 shares of the company’s stock worth $931,000 after purchasing an additional 903 shares in the last quarter.

T. Rowe Price Growth Stock ETF Company Profile

The T. Rowe Price Growth Stock ETF (TGRW) is an exchange-traded fund that is based on the Russell 3000 Growth index. The ETF currently has 38.68m in AUM and 79 holdings. TGRW is an actively-managed, non-transparent fund that focus on companies with growth characteristics TGRW was launched on Aug 4, 2020 and is managed by T. Rowe Price.