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

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,068 shares, an increase of 288.8% from the August 15th total of 789 shares. Based on an average daily volume of 1,533 shares, the short-interest ratio is presently 2.0 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of T. Rowe Price Hedged Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF in the second quarter valued at $405,000. SageGuard Financial Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF during the 1st quarter worth about $699,000. Finally, HighTower Advisors LLC boosted its position in shares of T. Rowe Price Hedged Equity ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after acquiring an additional 3,469 shares in the last quarter.

T. Rowe Price Hedged Equity ETF Trading Up 0.7%

Shares of THEQ opened at $30.13 on Friday. The firm has a market capitalization of $38.27 million, a price-to-earnings ratio of 24.54 and a beta of 0.66. The firm’s fifty day simple moving average is $30.09 and its 200-day simple moving average is $29.25. T. Rowe Price Hedged Equity ETF has a twelve month low of $26.77 and a twelve month high of $31.59.

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.