T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Significant Increase in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 8,190 shares, a growth of 30.5% from the February 12th total of 6,276 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 95,759 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 95,759 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

T. Rowe Price Technology ETF Stock Down 0.8%

NASDAQ:TTEQ opened at $31.10 on Monday. The stock has a market cap of $125.96 million, a P/E ratio of 36.82 and a beta of 1.84. The business’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $32.48. T. Rowe Price Technology ETF has a twelve month low of $19.83 and a twelve month high of $35.02.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gateway Wealth Partners LLC bought a new stake in T. Rowe Price Technology ETF during the fourth quarter valued at approximately $15,444,000. LPL Financial LLC bought a new position in shares of T. Rowe Price Technology ETF in the 4th quarter worth $7,601,000. 4J Wealth Management LLC increased its holdings in shares of T. Rowe Price Technology ETF by 29.1% in the 4th quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock worth $5,974,000 after buying an additional 41,460 shares during the last quarter. Stifel Financial Corp raised its position in shares of 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 raised its position in shares of 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 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.