T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Significant Decrease in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 72,490 shares, a drop of 16.4% from the March 31st total of 86,692 shares. Based on an average trading volume of 261,257 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

T. Rowe Price Blue Chip Growth ETF Stock Performance

NYSEARCA TCHP opened at $49.86 on Friday. The company’s 50-day moving average price is $46.69 and its 200-day moving average price is $48.33. The stock has a market cap of $2.08 billion, a PE ratio of 37.14 and a beta of 1.20. T. Rowe Price Blue Chip Growth ETF has a 12 month low of $39.13 and a 12 month high of $51.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCHP. Cetera Investment Advisers raised its position in T. Rowe Price Blue Chip Growth ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 3,570,939 shares of the company’s stock valued at $178,047,000 after purchasing an additional 189,906 shares in the last quarter. Glenview Trust Co increased its stake in shares of T. Rowe Price Blue Chip Growth ETF by 7.6% during the fourth quarter. Glenview Trust Co now owns 1,946,936 shares of the company’s stock valued at $97,074,000 after buying an additional 136,690 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 16.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock valued at $87,754,000 after acquiring an additional 250,000 shares in the last quarter. Trust Co of Kansas lifted its stake in T. Rowe Price Blue Chip Growth ETF by 1.8% in the fourth quarter. Trust Co of Kansas now owns 1,029,118 shares of the company’s stock worth $51,312,000 after acquiring an additional 17,834 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in T. Rowe Price Blue Chip Growth ETF by 23.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 850,979 shares of the company’s stock worth $41,205,000 after acquiring an additional 161,060 shares in the last quarter.

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.