T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Large Growth in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 94,494 shares, a growth of 239.2% from the September 15th total of 27,855 shares. Based on an average daily trading volume, of 156,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TCHP. Cetera Investment Advisers increased its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 9.8% during the 1st quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock valued at $173,252,000 after purchasing an additional 350,571 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 1st quarter valued at $104,521,000. Glenview Trust Co lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 5.9% in the 1st quarter. Glenview Trust Co now owns 2,061,290 shares of the company’s stock valued at $91,068,000 after purchasing an additional 114,354 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 397,945 shares of the company’s stock valued at $17,581,000 after purchasing an additional 15,282 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in T. Rowe Price Blue Chip Growth ETF by 6.8% during the first quarter. D.A. Davidson & CO. now owns 263,665 shares of the company’s stock worth $11,649,000 after buying an additional 16,903 shares in the last quarter.

T. Rowe Price Blue Chip Growth ETF Stock Performance

T. Rowe Price Blue Chip Growth ETF stock traded down $0.02 during midday trading on Tuesday, hitting $51.98. 34,716 shares of the company were exchanged, compared to its average volume of 218,732. The firm has a market capitalization of $2.22 billion, a PE ratio of 37.14 and a beta of 1.20. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $42.26 and a fifty-two week high of $53.26. The business has a fifty day simple moving average of $51.01 and a two-hundred day simple moving average of $49.94.

T. Rowe Price Blue Chip Growth ETF Company Profile

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.