T. Rowe Price Technology ETF (NASDAQ:TTEQ) Shares Shorted: Short Interest Up 251.5% in September

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 110,999 shares, a growth of 251.5% from the September 15th total of 31,579 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 99,023 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in shares of T. Rowe Price Technology ETF during the first quarter valued at approximately $45,000. Wealthcare Capital Partners LLC lifted its position in T. Rowe Price Technology ETF by 4.1% in the second quarter. Wealthcare Capital Partners LLC now owns 10,677 shares of the company’s stock worth $476,000 after purchasing an additional 422 shares during the period. Independent Financial Group LLC acquired a new stake in T. Rowe Price Technology ETF in the first quarter worth approximately $702,000. Cetera Investment Advisers boosted its stake in T. Rowe Price Technology ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock valued at $882,000 after purchasing an additional 3,384 shares in the last quarter. Finally, PCG Wealth Advisors LLC boosted its stake in T. Rowe Price Technology ETF by 13.3% during the 2nd quarter. PCG Wealth Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,057,000 after purchasing an additional 2,777 shares in the last quarter.

T. Rowe Price Technology ETF Trading Up 0.8%

TTEQ stock traded up $0.34 during trading on Friday, hitting $44.85. The company had a trading volume of 48,702 shares, compared to its average volume of 98,566. The firm has a market capitalization of $503.67 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. The business has a 50 day moving average of $42.68 and a 200 day moving average of $40.45. T. Rowe Price Technology ETF has a fifty-two week low of $28.69 and a fifty-two week high of $46.42.

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.