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

T. Rowe Price Growth ETF (NYSEARCA:TGRT) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 133,272 shares, an increase of 165.9% from the March 31st total of 50,129 shares. Based on an average daily volume of 85,278 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On T. Rowe Price Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of T. Rowe Price Growth ETF by 34.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,029 shares of the company’s stock valued at $1,019,000 after acquiring an additional 5,890 shares during the last quarter. Wells Fargo & Company MN bought a new position in shares of T. Rowe Price Growth ETF during the fourth quarter valued at about $1,008,000. Raymond James Financial Inc. raised its stake in shares of T. Rowe Price Growth ETF by 53.1% during the second quarter. Raymond James Financial Inc. now owns 16,864 shares of the company’s stock valued at $682,000 after acquiring an additional 5,852 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of T. Rowe Price Growth ETF during the fourth quarter valued at about $294,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of T. Rowe Price Growth ETF by 27.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,494 shares of the company’s stock valued at $222,000 after acquiring an additional 1,188 shares during the last quarter.

T. Rowe Price Growth ETF Stock Up 1.4%

Shares of TGRT stock opened at $44.79 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of 36.02 and a beta of 1.16. The company has a 50 day moving average of $41.41 and a 200-day moving average of $43.07. T. Rowe Price Growth ETF has a 12-month low of $34.00 and a 12-month high of $46.06.

About T. Rowe Price Growth ETF

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential