T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sees Large Decline in Short Interest

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 63,546 shares, a drop of 50.9% from the September 15th total of 129,417 shares. Based on an average daily trading volume, of 434,449 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On T. Rowe Price U.S. Equity Research ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in T. Rowe Price U.S. Equity Research ETF during the second quarter valued at approximately $25,000. Mascoma Wealth Management LLC purchased a new stake in shares of T. Rowe Price U.S. Equity Research ETF during the 1st quarter worth about $108,000. Midwest Trust Co bought a new stake in shares of T. Rowe Price U.S. Equity Research ETF in the 1st quarter valued at approximately $202,000. AdviceOne Advisory Services LLC bought a new position in T. Rowe Price U.S. Equity Research ETF during the second quarter valued at approximately $233,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of T. Rowe Price U.S. Equity Research ETF during the 3rd quarter worth $238,000.

T. Rowe Price U.S. Equity Research ETF Price Performance

NYSEARCA:TSPA traded down $0.62 during midday trading on Wednesday, reaching $48.60. 247,185 shares of the company traded hands, compared to its average volume of 376,014. T. Rowe Price U.S. Equity Research ETF has a twelve month low of $39.53 and a twelve month high of $49.54. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01. The company has a fifty day moving average price of $48.52 and a 200 day moving average price of $46.87.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.