T. Rowe Price Value ETF (NYSEARCA:TVAL) Short Interest Update

T. Rowe Price Value ETF (NYSEARCA:TVAL) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,924 shares, a drop of 59.3% from the June 30th total of 36,633 shares. Based on an average daily volume of 71,094 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On T. Rowe Price Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TVAL. Raymond James Financial Inc. increased its position in shares of T. Rowe Price Value ETF by 18.5% during 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 last quarter. Jane Street Group LLC bought a new stake in T. Rowe Price Value ETF in the 2nd quarter valued at about $283,000. Citadel Advisors LLC bought a new stake in shares of T. Rowe Price Value ETF in the third quarter valued at approximately $1,339,000. Hopwood Financial Services Inc. raised its holdings in T. Rowe Price Value ETF by 40.8% during the 4th quarter. Hopwood Financial Services Inc. now owns 37,112 shares of the company’s stock valued at $1,307,000 after acquiring an additional 10,756 shares during the period. Finally, N.E.W. Advisory Services LLC lifted its position in shares of T. Rowe Price Value ETF by 544.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 138,352 shares of the company’s stock worth $4,873,000 after acquiring an additional 116,888 shares in the last quarter.

T. Rowe Price Value ETF Stock Performance

Shares of NYSEARCA TVAL opened at $42.35 on Monday. The firm’s 50-day simple moving average is $41.33 and its 200 day simple moving average is $38.84. The stock has a market cap of $980.40 million, a price-to-earnings ratio of 20.80 and a beta of 0.79. T. Rowe Price Value ETF has a fifty-two week low of $32.26 and a fifty-two week high of $42.39.

T. Rowe Price Value ETF Company Profile

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