T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Stock Short Interest Falls 46.6%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 26,089 shares, a decline of 46.6% from the September 15th total of 48,873 shares. Based on an average daily volume of 43,589 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Lighthouse Wealth Management Inc. increased its holdings in T. Rowe Price Dividend Growth ETF by 2.6% in the 3rd quarter. Lighthouse Wealth Management Inc. now owns 44,174 shares of the company’s stock worth $2,132,000 after acquiring an additional 1,131 shares during the last quarter. Bill Few Associates Inc. raised its stake in T. Rowe Price Dividend Growth ETF by 1.7% in the 3rd quarter. Bill Few Associates Inc. now owns 28,986 shares of the company’s stock valued at $1,399,000 after acquiring an additional 493 shares during the period. First Heartland Consultants Inc. bought a new stake in T. Rowe Price Dividend Growth ETF in the 3rd quarter valued at about $552,000. Sequoia Financial Advisors LLC raised its stake in T. Rowe Price Dividend Growth ETF by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,396,076 shares of the company’s stock valued at $215,540,000 after acquiring an additional 161,288 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in T. Rowe Price Dividend Growth ETF during the second quarter valued at about $496,000.

T. Rowe Price Dividend Growth ETF Stock Down 0.3%

T. Rowe Price Dividend Growth ETF stock traded down $0.13 during trading on Wednesday, hitting $49.37. The stock had a trading volume of 3,363 shares, compared to its average volume of 71,301. The stock’s 50 day moving average is $49.56 and its two-hundred day moving average is $48.42. T. Rowe Price Dividend Growth ETF has a 1 year low of $43.36 and a 1 year high of $50.90. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 24.89 and a beta of 0.78.

T. Rowe Price Dividend Growth ETF Company Profile

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.