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

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 24,487 shares, a decline of 98.3% from the May 31st total of 1,436,790 shares. Based on an average trading volume of 169,782 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the shares of the company are sold short.

T. Rowe Price Technology ETF Trading Up 1.0%

Shares of TTEQ stock traded up $0.44 during trading hours on Thursday, hitting $42.94. The company’s stock had a trading volume of 116,372 shares, compared to its average volume of 92,301. The stock has a market cap of $226.72 million, a PE ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a 12-month low of $28.46 and a 12-month high of $45.76. The company has a 50 day moving average of $40.78 and a 200 day moving average of $35.26.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF during the 2nd quarter valued at about $27,000. Arax Advisory Partners purchased a new stake in shares of T. Rowe Price Technology ETF in the fourth quarter worth about $31,000. Private Trust Co. NA purchased a new stake in shares of T. Rowe Price Technology ETF in the fourth quarter worth about $39,000. Western Wealth Management LLC acquired a new stake in T. Rowe Price Technology ETF during the first quarter worth about $45,000. Finally, Osaic Holdings Inc. grew its holdings in T. Rowe Price Technology ETF by 43.9% during the fourth quarter. Osaic Holdings Inc. now owns 8,308 shares of the company’s stock worth $270,000 after acquiring an additional 2,536 shares during the period.

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.