Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Declines By 96.8%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 21,807 shares, a decline of 96.8% from the August 15th total of 685,951 shares. Based on an average daily trading volume, of 80,867 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

T. Rowe Price Technology ETF Trading Down 1.9%

TTEQ stock traded down $0.80 during trading hours on Thursday, hitting $41.64. 51,478 shares of the stock traded hands, compared to its average volume of 97,084. The stock has a 50-day simple moving average of $41.30 and a 200 day simple moving average of $38.64. T. Rowe Price Technology ETF has a one year low of $28.69 and a one year high of $45.76. The company has a market cap of $389.33 million, a P/E ratio of 36.82 and a beta of 1.88.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several large investors have recently made changes to their positions in TTEQ. Gateway Wealth Partners LLC acquired a new position in shares of T. Rowe Price Technology ETF in the 4th quarter worth approximately $15,444,000. LPL Financial LLC acquired a new stake in T. Rowe Price Technology ETF during the fourth quarter valued at approximately $7,601,000. Stifel Financial Corp boosted its holdings in T. Rowe Price Technology ETF by 267.1% during the fourth quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock worth $3,174,000 after buying an additional 71,026 shares in the last quarter. Citadel Advisors LLC boosted its holdings in T. Rowe Price Technology ETF by 453.3% during the third quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock worth $2,194,000 after buying an additional 55,661 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in T. Rowe Price Technology ETF by 5,328.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock worth $1,615,000 after buying an additional 48,755 shares during the last quarter.

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.