T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 789 shares, a decline of 87.7% from the July 30th total of 6,430 shares. Based on an average daily trading volume, of 5,172 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
T. Rowe Price Hedged Equity ETF Stock Performance
THEQ stock traded down $0.06 on Friday, reaching $30.39. The company’s stock had a trading volume of 733 shares, compared to its average volume of 4,770. The business has a fifty day simple moving average of $29.96 and a two-hundred day simple moving average of $29.11. T. Rowe Price Hedged Equity ETF has a 12-month low of $26.77 and a 12-month high of $31.59. The firm has a market cap of $38.60 million, a PE ratio of 24.54 and a beta of 0.66.
Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF
Several institutional investors and hedge funds have recently modified their holdings of THEQ. Jane Street Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF during the second quarter valued at about $405,000. SageGuard Financial Group LLC bought a new position in T. Rowe Price Hedged Equity ETF in the first quarter worth about $699,000. Finally, HighTower Advisors LLC lifted its holdings in T. Rowe Price Hedged Equity ETF by 2.0% in 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 during the period.
About T. Rowe Price Hedged Equity ETF
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.
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