T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Large Decrease in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 90,913 shares, a decrease of 55.5% from the January 15th total of 204,134 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 49,271 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 49,271 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.2% of the company’s shares are sold short.

T. Rowe Price Technology ETF Trading Down 2.9%

Shares of TTEQ opened at $31.82 on Friday. The firm has a market capitalization of $128.87 million, a P/E ratio of 36.82 and a beta of 1.84. The firm has a fifty day moving average price of $32.85 and a 200-day moving average price of $32.22. T. Rowe Price Technology ETF has a 12-month low of $19.83 and a 12-month high of $35.02.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in T. Rowe Price Technology ETF in the second quarter worth approximately $27,000. Private Trust Co. NA bought a new stake in shares of T. Rowe Price Technology ETF in the 4th quarter valued at about $39,000. Essex Financial Services Inc. purchased a new position in shares of T. Rowe Price Technology ETF in the 3rd quarter worth approximately $202,000. Bluesphere Advisors LLC acquired a new stake in T. Rowe Price Technology ETF in the third quarter valued at approximately $267,000. Finally, Wealthcare Capital Partners LLC purchased a new position in T. Rowe Price Technology ETF in the third quarter worth $279,000.

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.