T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,436,790 shares, a growth of 175.3% from the May 14th total of 521,913 shares. Approximately 27.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 242,830 shares, the short-interest ratio is presently 5.9 days.
T. Rowe Price Technology ETF Stock Up 0.7%
NASDAQ:TTEQ traded up $0.31 during trading hours on Friday, reaching $42.61. 73,231 shares of the company’s stock were exchanged, compared to its average volume of 91,616. The company has a market capitalization of $224.98 million, a P/E ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a 12 month low of $27.16 and a 12 month high of $45.76. The business’s 50-day simple moving average is $38.88 and its two-hundred day simple moving average is $34.61.
Institutional Investors Weigh In On T. Rowe Price Technology ETF
Hedge funds have recently made changes to their positions in the company. 4J Wealth Management LLC lifted its position in shares of T. Rowe Price Technology ETF by 29.1% in the 4th quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after acquiring an additional 41,460 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of T. Rowe Price Technology ETF by 5,328.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock valued at $1,615,000 after acquiring an additional 48,755 shares in the last quarter. RM Financial Services LLC purchased a new stake in shares of T. Rowe Price Technology ETF in the 4th quarter valued at approximately $412,000. Integrity Wealth Partners LLC purchased a new stake in shares of T. Rowe Price Technology ETF in the 1st quarter valued at approximately $1,212,000. Finally, Insight Advisors LLC PA purchased a new stake in shares of T. Rowe Price Technology ETF in the 4th quarter valued at approximately $312,000.
T. Rowe Price Technology ETF Company Profile
The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.
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