T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Update

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,769 shares, a drop of 31.9% from the January 15th total of 2,598 shares. Based on an average daily trading volume, of 1,107 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,107 shares, the days-to-cover ratio is currently 1.6 days.

T. Rowe Price Hedged Equity ETF Stock Performance

NYSEARCA:THEQ opened at $28.18 on Monday. T. Rowe Price Hedged Equity ETF has a 52 week low of $22.97 and a 52 week high of $28.51. The firm’s 50-day simple moving average is $28.21 and its 200 day simple moving average is $27.84. The firm has a market cap of $34.66 million, a price-to-earnings ratio of 24.54 and a beta of 0.73.

Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF

Several institutional investors have recently made changes to their positions in THEQ. HighTower Advisors LLC grew its position in T. Rowe Price Hedged Equity ETF by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after buying an additional 3,469 shares in the last quarter. Jane Street Group LLC lifted its position in shares of T. Rowe Price Hedged Equity ETF by 70.0% during the 4th quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock valued at $650,000 after acquiring an additional 9,557 shares during the period. Finally, DAVENPORT & Co LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF during the 4th quarter worth $354,000.

T. Rowe Price Hedged Equity ETF Company Profile

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.