Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Decreases By 93.1%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 6,276 shares, a drop of 93.1% from the January 29th total of 90,913 shares. Based on an average daily trading volume, of 70,130 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 70,130 shares, the days-to-cover ratio is presently 0.1 days.

T. Rowe Price Technology ETF Price Performance

Shares of TTEQ stock opened at $32.93 on Thursday. The business has a 50-day moving average of $32.74 and a 200 day moving average of $32.36. T. Rowe Price Technology ETF has a 1-year low of $19.83 and a 1-year high of $35.02. The stock has a market capitalization of $133.37 million, a PE ratio of 36.82 and a beta of 1.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TTEQ. Gateway Wealth Partners LLC purchased a new position in shares of T. Rowe Price Technology ETF in the fourth quarter worth $15,444,000. LPL Financial LLC purchased a new position in shares of T. Rowe Price Technology ETF in the fourth quarter valued at about $7,601,000. 4J Wealth Management LLC increased its position in shares of T. Rowe Price Technology ETF by 29.1% in the fourth quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after acquiring an additional 41,460 shares during the period. Stifel Financial Corp raised its stake in shares of T. Rowe Price Technology ETF by 267.1% during the fourth quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock valued at $3,174,000 after acquiring an additional 71,026 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of T. Rowe Price Technology ETF by 453.3% during the third quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock worth $2,194,000 after purchasing an additional 55,661 shares during the period.

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.