T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 23.6% in March

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,342 shares, a decline of 23.6% from the March 15th total of 18,772 shares. Based on an average daily volume of 10,861 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are sold short.

T. Rowe Price Equity Income ETF Price Performance

Shares of NYSEARCA TEQI traded up $0.54 during mid-day trading on Friday, reaching $47.42. 8,687 shares of the company’s stock were exchanged, compared to its average volume of 11,568. The firm has a market capitalization of $386.47 million, a price-to-earnings ratio of 17.60 and a beta of 0.77. T. Rowe Price Equity Income ETF has a 52 week low of $37.69 and a 52 week high of $47.99. The firm has a 50-day moving average price of $46.27 and a two-hundred day moving average price of $45.27.

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

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter valued at $130,000. Price T Rowe Associates Inc. MD lifted its position in T. Rowe Price Equity Income ETF by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,184,954 shares of the company’s stock valued at $143,865,000 after purchasing an additional 530,853 shares during the last quarter. Royal Bank of Canada raised its position in shares of T. Rowe Price Equity Income ETF by 13.4% during the 4th quarter. Royal Bank of Canada now owns 17,832 shares of the company’s stock valued at $806,000 after buying an additional 2,112 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth $53,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of T. Rowe Price Equity Income ETF by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 20,111 shares of the company’s stock worth $908,000 after purchasing an additional 223 shares in the last quarter.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.