T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,068 shares, an increase of 288.8% from the August 15th total of 789 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,533 shares, the short-interest ratio is presently 2.0 days.
T. Rowe Price Hedged Equity ETF Trading Up 0.7%
T. Rowe Price Hedged Equity ETF stock opened at $30.13 on Friday. The firm has a market capitalization of $38.27 million, a P/E ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a twelve month low of $26.77 and a twelve month high of $31.59. The stock’s fifty day simple moving average is $30.09 and its 200-day simple moving average is $29.25.
Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF
Several large investors have recently bought and sold shares of THEQ. Jane Street Group LLC purchased a new position in shares of T. Rowe Price Hedged Equity ETF in the 2nd quarter valued at about $405,000. SageGuard Financial Group LLC purchased a new stake in shares of T. Rowe Price Hedged Equity ETF during the first quarter worth approximately $699,000. Finally, HighTower Advisors LLC increased its stake in shares of T. Rowe Price Hedged Equity ETF by 2.0% during 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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