Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Rises By 92.9%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 10,800 shares, a growth of 92.9% from the September 30th total of 5,600 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 12,000 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 12,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEQ. Janney Montgomery Scott LLC purchased a new position in shares of T. Rowe Price Technology ETF during the 2nd quarter worth $926,000. Clear Harbor Asset Management LLC raised its holdings in T. Rowe Price Technology ETF by 18.5% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 14,375 shares of the company’s stock valued at $418,000 after buying an additional 2,245 shares during the period. Ameriflex Group Inc. acquired a new position in T. Rowe Price Technology ETF in the second quarter valued at about $64,000. 4J Wealth Management LLC purchased a new position in T. Rowe Price Technology ETF during the first quarter worth about $2,188,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in T. Rowe Price Technology ETF during the second quarter worth about $27,000.

T. Rowe Price Technology ETF Stock Performance

TTEQ opened at $34.27 on Friday. The stock has a market capitalization of $71.97 million, a PE ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a one year low of $19.83 and a one year high of $35.02. The business’s 50 day moving average price is $32.13 and its 200 day moving average price is $29.12.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities.