T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Stock Short Interest Jumps 239.2%

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 94,494 shares, a growth of 239.2% from the September 15th total of 27,855 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 156,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TCHP. Cetera Investment Advisers raised its stake in T. Rowe Price Blue Chip Growth ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock worth $173,252,000 after purchasing an additional 350,571 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 1st quarter valued at $104,521,000. Glenview Trust Co grew its stake in shares of T. Rowe Price Blue Chip Growth ETF by 5.9% during the 1st quarter. Glenview Trust Co now owns 2,061,290 shares of the company’s stock valued at $91,068,000 after buying an additional 114,354 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of T. Rowe Price Blue Chip Growth ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 397,945 shares of the company’s stock valued at $17,581,000 after buying an additional 15,282 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of T. Rowe Price Blue Chip Growth ETF by 6.8% during the 1st quarter. D.A. Davidson & CO. now owns 263,665 shares of the company’s stock valued at $11,649,000 after buying an additional 16,903 shares during the period.

T. Rowe Price Blue Chip Growth ETF Price Performance

TCHP traded down $0.27 during trading on Monday, hitting $51.98. The company’s stock had a trading volume of 308,053 shares, compared to its average volume of 219,310. The firm’s 50 day moving average price is $50.97 and its 200-day moving average price is $49.89. The stock has a market cap of $2.22 billion, a PE ratio of 37.14 and a beta of 1.20. T. Rowe Price Blue Chip Growth ETF has a twelve month low of $42.26 and a twelve month high of $53.26.

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.