T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Sees Large Decline in Short Interest

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 113,934 shares, a drop of 39.1% from the May 14th total of 187,010 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 307,790 shares, the short-interest ratio is presently 0.4 days.

T. Rowe Price Small-Mid Cap ETF Stock Performance

Shares of TMSL traded down $0.43 on Tuesday, hitting $42.67. 323,704 shares of the stock traded hands, compared to its average volume of 371,717. The company has a market capitalization of $2.03 billion, a PE ratio of 18.92 and a beta of 1.12. The business has a 50 day simple moving average of $40.60 and a 200 day simple moving average of $38.53. T. Rowe Price Small-Mid Cap ETF has a one year low of $31.71 and a one year high of $43.66.

Institutional Investors Weigh In On T. Rowe Price Small-Mid Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of T. Rowe Price Small-Mid Cap ETF by 14.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,861,191 shares of the company’s stock valued at $210,786,000 after acquiring an additional 723,445 shares in the last quarter. LPL Financial LLC increased its position in shares of T. Rowe Price Small-Mid Cap ETF by 85.3% during the fourth quarter. LPL Financial LLC now owns 4,307,521 shares of the company’s stock valued at $154,640,000 after acquiring an additional 1,983,521 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of T. Rowe Price Small-Mid Cap ETF by 26.4% during the third quarter. Raymond James Financial Inc. now owns 1,156,696 shares of the company’s stock valued at $40,681,000 after acquiring an additional 241,353 shares in the last quarter. Cetera Investment Advisers increased its position in shares of T. Rowe Price Small-Mid Cap ETF by 18.7% during the first quarter. Cetera Investment Advisers now owns 1,062,785 shares of the company’s stock valued at $38,972,000 after acquiring an additional 167,075 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in T. Rowe Price Small-Mid Cap ETF by 8.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 898,723 shares of the company’s stock worth $33,576,000 after purchasing an additional 66,565 shares during the last quarter.

About T. Rowe Price Small-Mid Cap ETF

The T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on extended market equity. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics