T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 21.7% in March

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 18,772 shares, a drop of 21.7% from the February 26th total of 23,960 shares. Based on an average daily trading volume, of 7,737 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.2% of the shares of the stock are short sold.

T. Rowe Price Equity Income ETF Trading Down 1.6%

Shares of NYSEARCA TEQI opened at $44.26 on Friday. The company has a market cap of $358.51 million, a PE ratio of 17.60 and a beta of 0.85. The company has a 50-day moving average of $46.46 and a two-hundred day moving average of $45.07. T. Rowe Price Equity Income ETF has a 1-year low of $36.21 and a 1-year high of $47.99.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEQI. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth $53,000. Empowered Funds LLC acquired a new stake in T. Rowe Price Equity Income ETF during the 4th quarter worth approximately $130,000. J.W. Cole Advisors Inc. lifted its holdings in shares of T. Rowe Price Equity Income ETF by 6.6% during the second quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock worth $275,000 after purchasing an additional 400 shares during the period. ORG Partners LLC acquired a new position in T. Rowe Price Equity Income ETF during the 3rd quarter worth about $403,000. Finally, NewEdge Advisors LLC bought a new stake in T. Rowe Price Equity Income ETF in the third quarter valued at approximately $450,000.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.