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

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 220 shares, a decline of 92.8% from the August 31st total of 3,068 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 9,581 shares, the short-interest ratio is currently 0.0 days.

T. Rowe Price Hedged Equity ETF Stock Performance

Shares of T. Rowe Price Hedged Equity ETF stock traded up $0.10 on Friday, hitting $30.34. The company had a trading volume of 168 shares, compared to its average volume of 4,841. T. Rowe Price Hedged Equity ETF has a 1 year low of $26.77 and a 1 year high of $31.59. The stock has a 50 day moving average of $30.14 and a 200-day moving average of $29.38. The stock has a market capitalization of $38.53 million, a price-to-earnings ratio of 24.54 and a beta of 0.66.

Hedge Funds Weigh In On T. Rowe Price Hedged Equity ETF

A hedge fund recently raised its position in T. Rowe Price Hedged Equity ETF stock. HighTower Advisors LLC lifted its position in shares of T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,432 shares of the company’s stock after purchasing an additional 3,469 shares during the period. HighTower Advisors LLC owned 14.18% of T. Rowe Price Hedged Equity ETF worth $4,881,000 at the end of the most recent quarter.

About T. Rowe Price Hedged Equity ETF

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.