Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Expands By 49.9%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 121,900 shares, an increase of 49.9% from the May 15th total of 81,300 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 66,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDVG. Geneos Wealth Management Inc. lifted its holdings in T. Rowe Price Dividend Growth ETF by 9.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,650 shares of the company’s stock valued at $349,000 after purchasing an additional 750 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 8.0% in the first quarter. Focus Partners Wealth now owns 168,136 shares of the company’s stock valued at $6,793,000 after purchasing an additional 12,455 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of T. Rowe Price Dividend Growth ETF by 3.2% in the first quarter. Arete Wealth Advisors LLC now owns 10,733 shares of the company’s stock valued at $434,000 after purchasing an additional 330 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock worth $531,000 after buying an additional 4,894 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 13.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,146,872 shares of the company’s stock worth $46,334,000 after buying an additional 140,058 shares during the last quarter.

T. Rowe Price Dividend Growth ETF Stock Down 0.7%

Shares of NYSEARCA TDVG opened at $41.31 on Wednesday. The business’s 50 day moving average price is $40.32 and its two-hundred day moving average price is $40.44. The company has a market cap of $831.16 million, a PE ratio of 25.05 and a beta of 0.87. T. Rowe Price Dividend Growth ETF has a twelve month low of $35.39 and a twelve month high of $42.14.

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.