T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 8,634 shares, a drop of 79.1% from the June 30th total of 41,355 shares. Based on an average daily trading volume, of 85,713 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
T. Rowe Price Technology ETF Stock Down 2.5%
TTEQ traded down $1.02 during midday trading on Friday, hitting $39.45. 422,635 shares of the company traded hands, compared to its average volume of 97,428. The firm has a market capitalization of $334.54 million, a PE ratio of 36.82 and a beta of 1.82. The company’s 50-day moving average is $42.45 and its 200 day moving average is $36.66. T. Rowe Price Technology ETF has a 52 week low of $28.69 and a 52 week high of $45.76.
Institutional Investors Weigh In On T. Rowe Price Technology ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 4J Wealth Management LLC grew its position in T. Rowe Price Technology ETF by 29.1% during the fourth quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after buying an additional 41,460 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in T. Rowe Price Technology ETF by 5,328.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock worth $1,615,000 after acquiring an additional 48,755 shares during the period. RM Financial Services LLC bought a new position in T. Rowe Price Technology ETF in the fourth quarter worth approximately $412,000. Integrity Wealth Partners LLC purchased a new position in shares of T. Rowe Price Technology ETF during the 1st quarter worth $1,212,000. Finally, Independent Financial Group LLC bought a new stake in shares of T. Rowe Price Technology ETF during the 1st quarter valued at $702,000.
About T. Rowe Price Technology ETF
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.
Featured Articles
- Five stocks we like better than T. Rowe Price Technology ETF
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for T. Rowe Price Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
