T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Sees Large Increase in Short Interest

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 30,084 shares, a growth of 85.7% from the June 30th total of 16,198 shares. Based on an average daily trading volume, of 32,303 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEQI. Arax Advisory Partners acquired a new position in shares of T. Rowe Price Equity Income ETF in the 4th quarter valued at about $53,000. Empowered Funds LLC acquired a new position in T. Rowe Price Equity Income ETF in the fourth quarter valued at approximately $130,000. NewEdge Advisors LLC acquired a new position in T. Rowe Price Equity Income ETF in the third quarter valued at approximately $450,000. Ascentis Independent Advisors bought a new position in shares of T. Rowe Price Equity Income ETF during the 1st quarter worth approximately $457,000. Finally, Integrity Alliance LLC. bought a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth approximately $460,000.

T. Rowe Price Equity Income ETF Stock Up 0.6%

TEQI stock opened at $52.08 on Friday. The firm has a market cap of $460.91 million, a price-to-earnings ratio of 17.60 and a beta of 0.76. The company’s fifty day simple moving average is $50.60 and its 200 day simple moving average is $48.19. T. Rowe Price Equity Income ETF has a 12-month low of $41.53 and a 12-month high of $52.47.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.