T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Sees Significant Increase in Short Interest
by Sarita Garza · The Markets DailyT. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,598 shares, a growth of 93.2% from the December 31st total of 1,345 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.2% of the company’s shares are short sold.
T. Rowe Price Hedged Equity ETF Stock Down 0.3%
THEQ traded down $0.08 during trading on Friday, reaching $28.34. 764 shares of the stock traded hands, compared to its average volume of 858. T. Rowe Price Hedged Equity ETF has a 12 month low of $22.97 and a 12 month high of $28.49. The stock’s 50-day moving average is $28.18 and its 200 day moving average is $27.71. The stock has a market capitalization of $34.86 million, a PE ratio of 24.54 and a beta of 0.73.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF in the 3rd quarter worth approximately $4,762,000. Jane Street Group LLC purchased a new stake in T. Rowe Price Hedged Equity ETF in the 2nd quarter worth about $405,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF in the fourth quarter valued at approximately $354,000.
T. Rowe Price Hedged Equity ETF Company Profile
THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.