T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Shares Shorted: Short Interest Up 172.6% in October

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 21,114 shares, a growth of 172.6% from the September 30th total of 7,744 shares. Based on an average trading volume of 53,652 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

T. Rowe Price Equity Income ETF Stock Down 0.9%

NYSEARCA:TEQI traded down $0.46 during midday trading on Friday, reaching $52.74. The stock had a trading volume of 9,125 shares, compared to its average volume of 17,600. T. Rowe Price Equity Income ETF has a 12-month low of $42.44 and a 12-month high of $53.35. The firm has a fifty day simple moving average of $52.01 and a two-hundred day simple moving average of $49.44. The stock has a market cap of $477.82 million, a P/E ratio of 17.60 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Beaumont Financial Advisors LLC purchased a new position in shares of T. Rowe Price Equity Income ETF during the 3rd quarter valued at $24,228,000. Landaas & Co. WI ADV purchased a new position in T. Rowe Price Equity Income ETF during the 3rd quarter worth approximately $13,063,000. Associated Banc Corp purchased a new position in T. Rowe Price Equity Income ETF in the 3rd quarter valued at $2,284,000. Bank of America Corp DE boosted its holdings in T. Rowe Price Equity Income ETF by 21.4% in the first quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock valued at $5,493,000 after purchasing an additional 21,511 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new position in shares of T. Rowe Price Equity Income ETF in the third quarter worth $681,000.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.