Short Interest in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Rises By 792.4%
by Mitch Edgeman · The Markets DailyT. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 155,538 shares, a growth of 792.4% from the November 30th total of 17,430 shares. Based on an average trading volume of 161,243 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 161,243 shares, the days-to-cover ratio is presently 1.0 days.
T. Rowe Price Blue Chip Growth ETF Stock Up 0.1%
Shares of TCHP traded up $0.06 during trading hours on Wednesday, reaching $50.49. The company’s stock had a trading volume of 38,643 shares, compared to its average volume of 142,178. The company has a 50 day moving average of $49.51 and a two-hundred day moving average of $47.69. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15. T. Rowe Price Blue Chip Growth ETF has a 1-year low of $32.67 and a 1-year high of $51.77.
Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 108.9% during the 2nd quarter. Cetera Investment Advisers now owns 3,282,913 shares of the company’s stock valued at $148,880,000 after acquiring an additional 1,711,474 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 28.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock worth $88,850,000 after acquiring an additional 434,992 shares in the last quarter. Glenview Trust Co boosted its position in T. Rowe Price Blue Chip Growth ETF by 2.9% during the third quarter. Glenview Trust Co now owns 1,810,246 shares of the company’s stock valued at $88,485,000 after purchasing an additional 51,033 shares during the last quarter. Glenview Trust co grew its stake in T. Rowe Price Blue Chip Growth ETF by 4.7% in the second quarter. Glenview Trust co now owns 1,759,213 shares of the company’s stock valued at $79,780,000 after purchasing an additional 78,719 shares in the last quarter. Finally, Trust Co of Kansas increased its position in T. Rowe Price Blue Chip Growth ETF by 12.2% in the 2nd quarter. Trust Co of Kansas now owns 935,625 shares of the company’s stock worth $42,431,000 after purchasing an additional 102,077 shares during the last quarter.
T. Rowe Price Blue Chip Growth ETF Company Profile
The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.