T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Decrease in Short Interest

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 47,082 shares, a decline of 36.8% from the July 15th total of 74,469 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 44,447 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDVG. TD Capital Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at $32,000. Cornerstone Planning Group LLC purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter worth $34,000. Archer Investment Corp increased its position in shares of T. Rowe Price Dividend Growth ETF by 192.0% during the 4th quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of T. Rowe Price Dividend Growth ETF during the 4th quarter worth about $54,000. Finally, Arax Advisory Partners purchased a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $106,000.

T. Rowe Price Dividend Growth ETF Price Performance

TDVG traded down $0.05 during trading hours on Tuesday, reaching $50.20. The company’s stock had a trading volume of 330,209 shares, compared to its average volume of 60,817. T. Rowe Price Dividend Growth ETF has a fifty-two week low of $42.82 and a fifty-two week high of $50.90. The stock has a market cap of $1.43 billion, a PE ratio of 24.89 and a beta of 0.79. The business’s 50-day moving average is $49.38 and its 200-day moving average is $47.48.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.