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

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 79,679 shares, an increase of 69.2% from the July 30th total of 47,082 shares. Based on an average daily volume of 39,739 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.3% of the shares of the company are short sold.

T. Rowe Price Dividend Growth ETF Stock Down 0.3%

TDVG stock opened at $49.70 on Wednesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 24.89 and a beta of 0.79. The company has a 50-day simple moving average of $49.74 and a 200 day simple moving average of $47.78. T. Rowe Price Dividend Growth ETF has a fifty-two week low of $42.82 and a fifty-two week high of $50.90.

Institutional Trading of T. Rowe Price Dividend Growth ETF

A number of institutional investors have recently made changes to their positions in TDVG. NewEdge Advisors LLC boosted its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.9% in the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after acquiring an additional 214 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in T. Rowe Price Dividend Growth ETF by 0.8% during the first quarter. Capital Advisors Ltd. LLC now owns 28,041 shares of the company’s stock worth $1,251,000 after purchasing an additional 217 shares in the last quarter. Wealthcare Capital Partners LLC raised its holdings in T. Rowe Price Dividend Growth ETF by 2.3% during the second quarter. Wealthcare Capital Partners LLC now owns 11,027 shares of the company’s stock worth $541,000 after purchasing an additional 243 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in T. Rowe Price Dividend Growth ETF by 1.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 15,709 shares of the company’s stock worth $706,000 after purchasing an additional 276 shares during the period. Finally, Bill Few Associates Inc. boosted its stake in T. Rowe Price Dividend Growth ETF by 1.4% during the 2nd quarter. Bill Few Associates Inc. now owns 28,493 shares of the company’s stock valued at $1,397,000 after purchasing an additional 380 shares in the last quarter.

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.