T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Up 139.7% in July

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 10,673 shares, a growth of 139.7% from the June 30th total of 4,453 shares. Based on an average daily trading volume, of 3,037 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.9% of the company’s shares are short sold.

T. Rowe Price Hedged Equity ETF Price Performance

THEQ opened at $29.31 on Thursday. The stock has a market capitalization of $36.64 million, a price-to-earnings ratio of 24.54 and a beta of 0.65. The business has a 50-day moving average of $29.73 and a two-hundred day moving average of $28.81. T. Rowe Price Hedged Equity ETF has a 12 month low of $26.36 and a 12 month high of $31.59.

Hedge Funds Weigh In On T. Rowe Price Hedged Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of THEQ. DAVENPORT & Co LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF in the 4th quarter valued at $354,000. Jane Street Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF during the 2nd quarter worth $405,000. SageGuard Financial Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF during the 1st quarter worth $699,000. Finally, HighTower Advisors LLC raised its position in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after buying an additional 3,469 shares during the period.

About T. Rowe Price Hedged Equity ETF

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.