T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Short Interest Up 69.2% in August

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 79,679 shares, a growth of 69.2% from the July 30th total of 47,082 shares. Based on an average trading volume of 39,739 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. TD Capital Management LLC acquired a new stake in T. Rowe Price Dividend Growth ETF during the 4th quarter worth approximately $32,000. Cornerstone Planning Group LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the first quarter worth $34,000. International Assets Investment Management LLC purchased a new stake in shares of T. Rowe Price Dividend Growth ETF during the fourth quarter worth $54,000. Arax Advisory Partners purchased a new stake in shares of T. Rowe Price Dividend Growth ETF during the fourth quarter worth $106,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the second quarter valued at $159,000.

T. Rowe Price Dividend Growth ETF Stock Down 0.5%

NYSEARCA TDVG traded down $0.24 during trading on Monday, hitting $49.84. The stock had a trading volume of 39,065 shares, compared to its average volume of 59,802. The company has a market capitalization of $1.42 billion, a PE ratio of 24.89 and a beta of 0.79. The firm has a 50 day moving average price of $49.69 and a 200 day moving average price of $47.73. T. Rowe Price Dividend Growth ETF has a twelve month low of $42.82 and a twelve month high of $50.90.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.