Short Interest in T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Drops By 59.8%

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 96,672 shares, a decline of 59.8% from the July 30th total of 240,515 shares. Based on an average daily volume of 340,036 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

T. Rowe Price U.S. Equity Research ETF Stock Down 0.3%

Shares of TSPA stock traded down $0.17 during trading on Friday, hitting $48.42. The company had a trading volume of 249,430 shares, compared to its average volume of 380,641. The stock’s 50-day moving average is $47.63 and its two-hundred day moving average is $45.50. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01. T. Rowe Price U.S. Equity Research ETF has a 52 week low of $39.53 and a 52 week high of $49.17.

Institutional Trading of T. Rowe Price U.S. Equity Research ETF

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of T. Rowe Price U.S. Equity Research ETF by 5.0% in the 3rd quarter. Advisory Services Network LLC now owns 7,160 shares of the company’s stock valued at $300,000 after acquiring an additional 342 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in T. Rowe Price U.S. Equity Research ETF by 0.5% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 76,712 shares of the company’s stock worth $3,282,000 after acquiring an additional 416 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in T. Rowe Price U.S. Equity Research ETF by 5.6% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 8,975 shares of the company’s stock worth $367,000 after acquiring an additional 475 shares during the last quarter. Carnegie Investment Counsel increased its stake in T. Rowe Price U.S. Equity Research ETF by 1.4% in the 1st quarter. Carnegie Investment Counsel now owns 38,385 shares of the company’s stock worth $1,570,000 after purchasing an additional 535 shares during the period. Finally, Trust Co. of Vermont purchased a new position in T. Rowe Price U.S. Equity Research ETF in the 2nd quarter worth approximately $25,000.

T. Rowe Price U.S. Equity Research ETF Company Profile

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.