T. Rowe Price Value ETF (NYSEARCA:TVAL) Sees Significant Growth in Short Interest

T. Rowe Price Value ETF (NYSEARCA:TVAL) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 60,948 shares, an increase of 308.4% from the July 15th total of 14,924 shares. Based on an average daily trading volume, of 77,059 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

T. Rowe Price Value ETF Stock Up 0.2%

Shares of TVAL stock traded up $0.08 during mid-day trading on Friday, reaching $43.51. The stock had a trading volume of 54,299 shares, compared to its average volume of 96,450. The firm has a market cap of $1.02 billion, a PE ratio of 20.80 and a beta of 0.79. T. Rowe Price Value ETF has a one year low of $33.23 and a one year high of $43.60. The firm’s 50 day simple moving average is $42.03 and its 200 day simple moving average is $39.49.

Hedge Funds Weigh In On T. Rowe Price Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. increased its stake in T. Rowe Price Value ETF by 18.5% in the second quarter. Raymond James Financial Inc. now owns 69,806 shares of the company’s stock valued at $2,292,000 after acquiring an additional 10,887 shares during the period. Jane Street Group LLC acquired a new stake in T. Rowe Price Value ETF during the second quarter valued at approximately $283,000. Citadel Advisors LLC acquired a new stake in T. Rowe Price Value ETF during the third quarter valued at approximately $1,339,000. N.E.W. Advisory Services LLC grew its stake in shares of T. Rowe Price Value ETF by 544.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 138,352 shares of the company’s stock valued at $4,873,000 after purchasing an additional 116,888 shares during the period. Finally, Jacksonville Wealth Management LLC bought a new stake in shares of T. Rowe Price Value ETF in the 4th quarter valued at approximately $388,000.

About T. Rowe Price Value ETF

The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser