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

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 2,540 shares, a decrease of 40.4% from the November 30th total of 4,263 shares. Based on an average daily trading volume, of 7,712 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 7,712 shares, the days-to-cover ratio is presently 0.3 days.

T. Rowe Price Equity Income ETF Price Performance

NYSEARCA TEQI traded up $0.02 during midday trading on Tuesday, hitting $45.44. 6,262 shares of the company traded hands, compared to its average volume of 14,340. T. Rowe Price Equity Income ETF has a 52 week low of $36.21 and a 52 week high of $45.63. The company’s 50-day simple moving average is $44.22 and its 200-day simple moving average is $43.51. The company has a market cap of $349.89 million, a PE ratio of 17.60 and a beta of 0.85.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

Several institutional investors have recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc lifted its holdings in T. Rowe Price Equity Income ETF by 105.7% in the second quarter. Glass Jacobson Investment Advisors llc now owns 4,617 shares of the company’s stock valued at $196,000 after acquiring an additional 2,373 shares during the period. Ethos Financial Group LLC acquired a new position in shares of T. Rowe Price Equity Income ETF in the 2nd quarter valued at $245,000. J.W. Cole Advisors Inc. boosted its holdings in T. Rowe Price Equity Income ETF by 6.6% during the second quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock worth $275,000 after buying an additional 400 shares in the last quarter. ORG Partners LLC acquired a new stake in T. Rowe Price Equity Income ETF during the third quarter valued at $403,000. Finally, NewEdge Advisors LLC purchased a new position in T. Rowe Price Equity Income ETF in the third quarter valued at $450,000.

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.