T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 30,391 shares, a drop of 48.9% from the July 15th total of 59,520 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 196,537 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of T. Rowe Price Blue Chip Growth ETF
A number of institutional investors have recently made changes to their positions in the company. Cherry Tree Wealth Management LLC acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter valued at about $27,000. Arax Advisory Partners purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth about $30,000. Comerica Bank purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $38,000. Finally, Fifth Third Bancorp acquired a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth about $44,000.
T. Rowe Price Blue Chip Growth ETF Price Performance
TCHP stock traded down $0.20 during trading on Friday, hitting $51.58. The stock had a trading volume of 138,911 shares, compared to its average volume of 232,108. T. Rowe Price Blue Chip Growth ETF has a twelve month low of $42.26 and a twelve month high of $53.26. The company’s 50-day moving average price is $49.80 and its two-hundred day moving average price is $48.76. The stock has a market capitalization of $2.22 billion, a P/E ratio of 37.14 and a beta of 1.20.
About T. Rowe Price Blue Chip Growth ETF
The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.
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