T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Sees Significant Drop in Short Interest

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,430 shares, a drop of 39.8% from the July 15th total of 10,673 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 3,109 shares, the days-to-cover ratio is presently 2.1 days.

T. Rowe Price Hedged Equity ETF Stock Up 0.4%

THEQ opened at $30.37 on Thursday. T. Rowe Price Hedged Equity ETF has a twelve month low of $26.77 and a twelve month high of $31.59. The company has a 50-day moving average price of $29.89 and a 200 day moving average price of $29.02. The company has a market cap of $38.57 million, a PE ratio of 24.54 and a beta of 0.66.

Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after acquiring an additional 3,469 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of T. Rowe Price Hedged Equity ETF by 70.0% in the fourth quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock worth $650,000 after acquiring an additional 9,557 shares during the last quarter. Finally, SageGuard Financial Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF in the first quarter worth approximately $699,000.

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.