T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Significant Drop in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 30,391 shares, a decrease of 48.9% from the July 15th total of 59,520 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 196,537 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCHP. Cherry Tree Wealth Management LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at about $25,000. Triumph Capital Management bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth approximately $27,000. Arax Advisory Partners bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth approximately $30,000. Comerica Bank purchased a new stake in T. Rowe Price Blue Chip Growth ETF during the first quarter valued at approximately $38,000. Finally, Fifth Third Bancorp acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter valued at approximately $44,000.

T. Rowe Price Blue Chip Growth ETF Price Performance

NYSEARCA TCHP traded down $0.41 during midday trading on Monday, hitting $51.17. 547,860 shares of the company traded hands, compared to its average volume of 234,125. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $42.26 and a 52 week high of $53.26. The company’s 50-day simple moving average is $49.82 and its 200-day simple moving average is $48.76. The company has a market cap of $2.20 billion, a PE ratio of 37.14 and a beta of 1.20.

T. Rowe Price Blue Chip Growth ETF Company Profile

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.