Short Interest in T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Decreases By 52.3%

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,796 shares, a decrease of 52.3% from the May 31st total of 10,061 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 12,052 shares, the days-to-cover ratio is currently 0.4 days.

T. Rowe Price Hedged Equity ETF Price Performance

Shares of NYSEARCA:THEQ opened at $29.86 on Thursday. The company has a market cap of $36.73 million, a P/E ratio of 24.54 and a beta of 0.65. T. Rowe Price Hedged Equity ETF has a 1 year low of $26.31 and a 1 year high of $31.59. The stock’s fifty day moving average price is $29.54 and its 200-day moving average price is $28.58.

Institutional Trading of T. Rowe Price Hedged Equity ETF

A number of institutional investors have recently made changes to their positions in THEQ. DAVENPORT & Co LLC purchased a new stake in T. Rowe Price Hedged Equity ETF during the 4th quarter valued at $354,000. Jane Street Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF in the 2nd quarter worth $405,000. SageGuard Financial Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF in the 1st quarter worth $699,000. Finally, HighTower Advisors LLC grew its holdings in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after acquiring 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.