Short Interest in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Increases By 69.7%

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 107,091 shares, an increase of 69.7% from the December 31st total of 63,102 shares. Based on an average trading volume of 380,512 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 380,512 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in T. Rowe Price Blue Chip Growth ETF by 108.9% in the second quarter. Cetera Investment Advisers now owns 3,282,913 shares of the company’s stock valued at $148,880,000 after acquiring an additional 1,711,474 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the second quarter valued at $19,858,000. Northwestern Mutual Wealth Management Co. raised its position in shares of T. Rowe Price Blue Chip Growth ETF by 28.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock worth $88,850,000 after acquiring an additional 434,992 shares during the last quarter. Elevation Capital Advisory LLC increased its position in T. Rowe Price Blue Chip Growth ETF by 254.2% in the 2nd quarter. Elevation Capital Advisory LLC now owns 288,685 shares of the company’s stock valued at $13,092,000 after buying an additional 207,184 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at approximately $9,218,000.

T. Rowe Price Blue Chip Growth ETF Stock Performance

Shares of NYSEARCA TCHP traded down $0.35 during midday trading on Friday, reaching $48.89. The company’s stock had a trading volume of 149,808 shares, compared to its average volume of 270,565. The business’s 50 day moving average price is $49.71 and its two-hundred day moving average price is $48.66. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $32.67 and a fifty-two week high of $51.77. The company has a market cap of $1.83 billion, a P/E ratio of 37.14 and a beta of 1.15.

T. Rowe Price Blue Chip Growth ETF Company Profile

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.