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

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 51,100 shares, agrowthof59.7% from the June 30th total of 32,000 shares. Based on an average daily trading volume, of 135,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 135,600 shares, the days-to-cover ratio is presently 0.4 days.

T. Rowe Price Blue Chip Growth ETF Stock Performance

TCHP stock opened at $47.16 on Friday. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $32.67 and a fifty-two week high of $47.85. The company’s 50 day moving average price is $45.05 and its 200 day moving average price is $41.94. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 37.14 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in T. Rowe Price Blue Chip Growth ETF by 34.7% during the 4th quarter. LPL Financial LLC now owns 19,922 shares of the company’s stock worth $839,000 after buying an additional 5,129 shares during the last quarter. Heritage Trust Co acquired a new stake in T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth approximately $763,000. GeoWealth Management LLC acquired a new stake in T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth approximately $758,000. TD Waterhouse Canada Inc. lifted its position in T. Rowe Price Blue Chip Growth ETF by 1,466.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,603 shares of the company’s stock worth $150,000 after acquiring an additional 3,373 shares during the period. Finally, Stifel Financial Corp lifted its position in T. Rowe Price Blue Chip Growth ETF by 2.5% during the 4th quarter. Stifel Financial Corp now owns 91,464 shares of the company’s stock worth $3,852,000 after acquiring an additional 2,231 shares during the period.

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.