T. Rowe Price Equity Income ETF (NYSEARCA:TEQI – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 21,114 shares, a growth of 172.6% from the September 30th total of 7,744 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 53,652 shares, the days-to-cover ratio is presently 0.4 days.
T. Rowe Price Equity Income ETF Trading Up 1.1%
Shares of TEQI stock traded up $0.58 on Thursday, reaching $53.20. The company’s stock had a trading volume of 13,141 shares, compared to its average volume of 17,630. The stock’s fifty day simple moving average is $52.00 and its 200-day simple moving average is $49.41. T. Rowe Price Equity Income ETF has a 1 year low of $42.44 and a 1 year high of $53.35. The company has a market capitalization of $482.02 million, a price-to-earnings ratio of 17.60 and a beta of 0.77.
Hedge Funds Weigh In On T. Rowe Price Equity Income ETF
Several institutional investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC purchased a new position in shares of T. Rowe Price Equity Income ETF in the 3rd quarter worth $24,228,000. Bank of America Corp DE increased its holdings in shares of T. Rowe Price Equity Income ETF by 21.4% in the 1st quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock worth $5,493,000 after buying an additional 21,511 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of T. Rowe Price Equity Income ETF in the 1st quarter worth about $457,000. D.A. Davidson & CO. purchased a new stake in shares of T. Rowe Price Equity Income ETF during the 3rd quarter valued at about $672,000. Finally, M Holdings Securities Inc. raised its position in shares of T. Rowe Price Equity Income ETF by 0.7% during the 2nd quarter. M Holdings Securities Inc. now owns 50,222 shares of the company’s stock valued at $2,535,000 after buying an additional 362 shares in the last quarter.
T. Rowe Price Equity Income ETF Company Profile
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.
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