T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Update

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 204,134 shares, a growth of 632.4% from the December 31st total of 27,871 shares. Approximately 5.4% of the company’s shares are short sold. Based on an average daily volume of 49,943 shares, the short-interest ratio is currently 4.1 days. Based on an average daily volume of 49,943 shares, the short-interest ratio is currently 4.1 days. Approximately 5.4% of the company’s shares are short sold.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in T. Rowe Price Technology ETF during the 2nd quarter valued at about $926,000. Ameriflex Group Inc. acquired a new stake in shares of T. Rowe Price Technology ETF during the second quarter worth about $64,000. Envestnet Asset Management Inc. purchased a new position in shares of T. Rowe Price Technology ETF in the second quarter valued at approximately $546,000. 4J Wealth Management LLC boosted its stake in shares of T. Rowe Price Technology ETF by 5.1% in the second quarter. 4J Wealth Management LLC now owns 97,806 shares of the company’s stock valued at $2,844,000 after purchasing an additional 4,772 shares during the period. Finally, United Advisor Group LLC acquired a new position in shares of T. Rowe Price Technology ETF in the second quarter valued at approximately $632,000.

T. Rowe Price Technology ETF Stock Up 1.3%

Shares of NASDAQ TTEQ opened at $33.81 on Wednesday. The business’s 50 day moving average is $32.76 and its two-hundred day moving average is $32.02. T. Rowe Price Technology ETF has a 52-week low of $19.83 and a 52-week high of $35.02. The firm has a market cap of $128.48 million, a price-to-earnings ratio of 36.82 and a beta of 1.84.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.