T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Short Interest Up 149.6% in August

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHPGet Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 75,849 shares, a growth of 149.6% from the July 30th total of 30,391 shares. Based on an average daily volume of 180,592 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

T. Rowe Price Blue Chip Growth ETF Stock Up 0.3%

Shares of TCHP opened at $51.14 on Friday. The business’s 50 day moving average price is $49.86 and its 200-day moving average price is $48.88. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $42.26 and a 52 week high of $53.26. The stock has a market cap of $2.20 billion, a P/E ratio of 37.14 and a beta of 1.20.

Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF

Hedge funds have recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth $25,000. Triumph Capital Management purchased a new position in T. Rowe Price Blue Chip Growth ETF in the 4th quarter worth about $27,000. Arax Advisory Partners bought a new position in T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at approximately $30,000. Bank of Montreal Can bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at $46,000. Finally, Fifth Third Bancorp purchased a new position in T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $44,000.

T. Rowe Price Blue Chip Growth ETF Company Profile

(Get Free Report)

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.

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