Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Expands By 269.0%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 57,135 shares, a growth of 269.0% from the March 15th total of 15,484 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,698 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several institutional investors have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC purchased a new position in T. Rowe Price Technology ETF during the 4th quarter valued at approximately $15,444,000. LPL Financial LLC purchased a new position in T. Rowe Price Technology ETF during the 4th quarter valued at approximately $7,601,000. 4J Wealth Management LLC grew its holdings in T. Rowe Price Technology ETF by 29.1% during the 4th quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after buying an additional 41,460 shares in the last quarter. Stifel Financial Corp grew its holdings in T. Rowe Price Technology ETF by 267.1% during the 4th quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock valued at $3,174,000 after buying an additional 71,026 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in T. Rowe Price Technology ETF by 453.3% during the 3rd quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after buying an additional 55,661 shares in the last quarter.

T. Rowe Price Technology ETF Price Performance

NASDAQ TTEQ opened at $32.97 on Friday. The stock has a market capitalization of $151.66 million, a PE ratio of 36.82 and a beta of 1.44. The business has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $32.46. T. Rowe Price Technology ETF has a 1-year low of $21.19 and a 1-year high of $35.02.

T. Rowe Price Technology ETF Company Profile

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.