T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Update

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 685,951 shares, an increase of 1,792.5% from the July 30th total of 36,246 shares. Currently, 7.3% of the company’s shares are sold short. Based on an average trading volume of 112,927 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wealthcare Capital Partners LLC increased its position in shares of T. Rowe Price Technology ETF by 4.1% during the second quarter. Wealthcare Capital Partners LLC now owns 10,677 shares of the company’s stock valued at $476,000 after acquiring an additional 422 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF during the 2nd quarter worth approximately $27,000. Arax Advisory Partners acquired a new stake in T. Rowe Price Technology ETF in the 4th quarter valued at approximately $31,000. Western Wealth Management LLC acquired a new stake in T. Rowe Price Technology ETF in the 1st quarter valued at approximately $45,000. Finally, Osaic Holdings Inc. raised its position in T. Rowe Price Technology ETF by 43.9% in the fourth quarter. Osaic Holdings Inc. now owns 8,308 shares of the company’s stock valued at $270,000 after purchasing an additional 2,536 shares during the period.

T. Rowe Price Technology ETF Stock Up 1.4%

NASDAQ:TTEQ traded up $0.55 on Tuesday, reaching $41.09. The company’s stock had a trading volume of 71,698 shares, compared to its average volume of 97,578. T. Rowe Price Technology ETF has a 12-month low of $28.69 and a 12-month high of $45.76. The stock has a 50 day moving average price of $41.76 and a 200 day moving average price of $37.82. The firm has a market cap of $384.19 million, a price-to-earnings ratio of 36.82 and a beta of 1.88.

About T. Rowe Price Technology ETF

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.