T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Up 1,023.5% in May

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 521,913 shares, an increase of 1,023.5% from the April 30th total of 46,455 shares. Based on an average daily trading volume, of 93,511 shares, the days-to-cover ratio is currently 5.6 days. Approximately 9.9% of the company’s stock are sold short.

T. Rowe Price Technology ETF Stock Down 0.2%

TTEQ traded down $0.09 on Wednesday, reaching $43.18. The company’s stock had a trading volume of 129,515 shares, compared to its average volume of 73,620. The stock has a 50 day moving average of $35.67 and a two-hundred day moving average of $33.63. The company has a market capitalization of $227.99 million, a price-to-earnings ratio of 36.82 and a beta of 1.73. T. Rowe Price Technology ETF has a fifty-two week low of $26.17 and a fifty-two week high of $43.62.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEQ. Northwestern Mutual Wealth Management Co. acquired a new position in T. Rowe Price Technology ETF in the second quarter valued at approximately $27,000. Arax Advisory Partners acquired a new position in T. Rowe Price Technology ETF in the fourth quarter valued at approximately $31,000. Private Trust Co. NA acquired a new position in T. Rowe Price Technology ETF in the fourth quarter valued at approximately $39,000. Western Wealth Management LLC acquired a new position in T. Rowe Price Technology ETF in the first quarter valued at approximately $45,000. Finally, Essex Financial Services Inc. acquired a new position in T. Rowe Price Technology ETF in the third quarter valued at approximately $202,000.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.