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

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,275 shares, a growth of 94.4% from the May 31st total of 7,344 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,569 shares, the short-interest ratio is currently 1.9 days.

T. Rowe Price Equity Income ETF Trading Up 0.3%

Shares of NYSEARCA:TEQI traded up $0.13 on Thursday, reaching $50.71. The company had a trading volume of 5,220 shares, compared to its average volume of 10,163. The firm has a market capitalization of $416.84 million, a PE ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a 52-week low of $41.53 and a 52-week high of $51.03. The firm’s 50 day simple moving average is $49.41 and its 200-day simple moving average is $47.31.

Institutional Trading of T. Rowe Price Equity Income ETF

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of T. Rowe Price Equity Income ETF by 21.4% in the 1st quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock valued at $5,493,000 after buying an additional 21,511 shares in the last quarter. Associated Banc Corp lifted its position in T. Rowe Price Equity Income ETF by 4.7% during the first quarter. Associated Banc Corp now owns 37,809 shares of the company’s stock valued at $1,702,000 after acquiring an additional 1,695 shares during the last quarter. Kestra Advisory Services LLC lifted its position in T. Rowe Price Equity Income ETF by 10.6% during the first quarter. Kestra Advisory Services LLC now owns 22,245 shares of the company’s stock valued at $1,001,000 after acquiring an additional 2,134 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in T. Rowe Price Equity Income ETF in the first quarter valued at approximately $457,000. Finally, Triangle Securities Wealth Management grew its holdings in T. Rowe Price Equity Income ETF by 7.0% in the first quarter. Triangle Securities Wealth Management now owns 18,704 shares of the company’s stock worth $842,000 after purchasing an additional 1,221 shares during the last quarter.

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.