T. Rowe Price Growth ETF (NYSEARCA:TGRT) Sees Significant Growth in Short Interest

T. Rowe Price Growth ETF (NYSEARCA:TGRT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 50,129 shares, an increase of 50.1% from the March 15th total of 33,388 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 85,981 shares, the short-interest ratio is currently 0.6 days.

T. Rowe Price Growth ETF Stock Performance

TGRT stock traded up $0.73 during midday trading on Tuesday, hitting $42.98. 54,171 shares of the company’s stock were exchanged, compared to its average volume of 129,099. The stock’s fifty day moving average price is $41.03 and its 200-day moving average price is $43.04. The company has a market cap of $1.10 billion, a PE ratio of 36.02 and a beta of 1.16. T. Rowe Price Growth ETF has a one year low of $31.34 and a one year high of $46.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGRT. Capital Investment Advisory Services LLC lifted its holdings in T. Rowe Price Growth ETF by 142.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 970 shares of the company’s stock worth $43,000 after acquiring an additional 570 shares in the last quarter. Root Financial Partners LLC bought a new position in T. Rowe Price Growth ETF during the third quarter worth about $56,000. Royal Bank of Canada bought a new position in T. Rowe Price Growth ETF during the fourth quarter worth about $96,000. Integrated Wealth Concepts LLC bought a new position in T. Rowe Price Growth ETF during the third quarter worth about $212,000. Finally, Stratos Wealth Partners LTD. bought a new position in T. Rowe Price Growth ETF during the fourth quarter worth about $215,000.

T. Rowe Price Growth ETF Company Profile

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential