Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Declines By 96.8%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 21,807 shares, a drop of 96.8% from the August 15th total of 685,951 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 80,867 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in T. Rowe Price Technology ETF during the 2nd quarter worth approximately $27,000. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Technology ETF during the fourth quarter worth $31,000. Western Wealth Management LLC bought a new stake in shares of T. Rowe Price Technology ETF during the first quarter worth $45,000. Osaic Holdings Inc. increased its holdings in shares of 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 buying an additional 2,536 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of T. Rowe Price Technology ETF during the second quarter worth $309,000.

T. Rowe Price Technology ETF Price Performance

NASDAQ TTEQ opened at $42.13 on Friday. The business has a fifty day moving average price of $41.30 and a two-hundred day moving average price of $38.73. The stock has a market capitalization of $393.92 million, a PE ratio of 36.82 and a beta of 1.88. T. Rowe Price Technology ETF has a fifty-two week low of $28.69 and a fifty-two week high of $45.76.

About T. Rowe Price Technology ETF

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.