Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Expands By 87.7%

by · The Cerbat Gem

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 25,507 shares, a growth of 87.7% from the August 15th total of 13,592 shares. Based on an average trading volume of 14,334 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M Holdings Securities Inc. bought a new stake in shares of T. Rowe Price Equity Income ETF in the 4th quarter worth $2,201,000. Associated Banc Corp bought a new position in T. Rowe Price Equity Income ETF during the fourth quarter valued at about $1,631,000. Bank of America Corp DE boosted its stake in T. Rowe Price Equity Income ETF by 21.4% during the first 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. Integrity Alliance LLC. acquired a new position in T. Rowe Price Equity Income ETF during the fourth quarter worth about $460,000. Finally, Ascentis Independent Advisors acquired a new position in T. Rowe Price Equity Income ETF during the first quarter worth about $457,000.

T. Rowe Price Equity Income ETF Stock Up 0.6%

Shares of TEQI stock opened at $52.12 on Friday. The company has a market cap of $521.15 million, a P/E ratio of 17.60 and a beta of 0.76. The business has a 50 day moving average of $52.21 and a two-hundred day moving average of $49.53. T. Rowe Price Equity Income ETF has a 52 week low of $42.44 and a 52 week high of $53.35.

About T. Rowe Price Equity Income ETF

(Get Free Report)

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.

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