T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Shares Shorted: Short Interest Down 86.7% in October

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 12,541 shares, a drop of 86.7% from the September 30th total of 94,494 shares. Based on an average trading volume of 127,293 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

T. Rowe Price Blue Chip Growth ETF Trading Up 0.6%

Shares of TCHP stock traded up $0.30 during trading hours on Tuesday, hitting $49.64. 8,071 shares of the company’s stock were exchanged, compared to its average volume of 216,097. The company has a market capitalization of $2.12 billion, a PE ratio of 37.14 and a beta of 1.20. T. Rowe Price Blue Chip Growth ETF has a 12-month low of $42.26 and a 12-month high of $53.26. The business’s 50 day simple moving average is $50.82 and its 200-day simple moving average is $49.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TCHP. Fifth Third Bancorp bought a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter valued at approximately $44,000. TD Waterhouse Canada Inc. raised its position in shares of T. Rowe Price Blue Chip Growth ETF by 7.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,806 shares of the company’s stock worth $188,000 after acquiring an additional 265 shares in the last quarter. KFA Private Wealth Group LLC purchased a new position in T. Rowe Price Blue Chip Growth ETF during the second quarter valued at $215,000. Opal Wealth Advisors LLC bought a new stake in T. Rowe Price Blue Chip Growth ETF during the third quarter worth about $251,000. Finally, Fortis Capital Management LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the first quarter valued at approximately $235,000.

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.