Short Interest in T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Grows By 38.1%

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,834 shares, a growth of 38.1% from the March 15th total of 1,328 shares. Based on an average daily volume of 1,816 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of THEQ. DAVENPORT & Co LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF during the fourth quarter valued at approximately $354,000. Jane Street Group LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF during the second quarter valued at approximately $405,000. Finally, HighTower Advisors LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF during the third quarter valued at approximately $4,762,000.

T. Rowe Price Hedged Equity ETF Stock Up 0.2%

NYSEARCA:THEQ traded up $0.06 during trading hours on Thursday, hitting $28.62. 2,696 shares of the stock traded hands, compared to its average volume of 4,883. T. Rowe Price Hedged Equity ETF has a 1 year low of $23.48 and a 1 year high of $28.66. The company has a market cap of $31.48 million, a price-to-earnings ratio of 24.54 and a beta of 0.69. The stock has a 50 day moving average price of $27.91 and a 200 day moving average price of $28.03.

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.