T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 24,487 shares, a decrease of 98.3% from the May 31st total of 1,436,790 shares. Based on an average daily volume of 169,782 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the shares of the company are short sold.
T. Rowe Price Technology ETF Price Performance
Shares of NASDAQ:TTEQ opened at $42.16 on Friday. The stock has a market cap of $222.60 million, a P/E ratio of 36.82 and a beta of 1.84. The firm has a fifty day moving average price of $41.10 and a 200 day moving average price of $35.38. T. Rowe Price Technology ETF has a 1-year low of $28.59 and a 1-year high of $45.76.
Institutional Investors Weigh In On T. Rowe Price Technology ETF
Several hedge funds have recently made changes to their positions in TTEQ. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF during the second quarter worth about $27,000. Arax Advisory Partners purchased a new position in shares of T. Rowe Price Technology ETF in the 4th quarter valued at approximately $31,000. Private Trust Co. NA acquired a new position in shares of T. Rowe Price Technology ETF in the fourth quarter valued at approximately $39,000. Western Wealth Management LLC acquired a new position in shares of T. Rowe Price Technology ETF in the first quarter valued at approximately $45,000. Finally, Osaic Holdings Inc. raised its stake in shares of T. Rowe Price Technology ETF by 43.9% during the fourth quarter. Osaic Holdings Inc. now owns 8,308 shares of the company’s stock worth $270,000 after purchasing an additional 2,536 shares during the last quarter.
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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