T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Update

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,436,790 shares, a growth of 175.3% from the May 14th total of 521,913 shares. Approximately 27.2% of the shares of the company are sold short. Based on an average daily volume of 242,830 shares, the short-interest ratio is presently 5.9 days.

T. Rowe Price Technology ETF Price Performance

Shares of NASDAQ TTEQ traded up $0.31 during mid-day trading on Friday, reaching $42.61. 73,231 shares of the company’s stock were exchanged, compared to its average volume of 91,616. The firm has a market capitalization of $224.98 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a 52 week low of $27.16 and a 52 week high of $45.76. The firm has a 50-day moving average price of $38.65 and a two-hundred day moving average price of $34.56.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

A number of hedge funds have recently made changes to their positions in TTEQ. 4J Wealth Management LLC lifted its stake in T. Rowe Price Technology ETF by 29.1% in the fourth quarter. 4J Wealth Management LLC now owns 183,711 shares of the company’s stock valued at $5,974,000 after purchasing an additional 41,460 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in T. Rowe Price Technology ETF by 5,328.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock valued at $1,615,000 after purchasing an additional 48,755 shares during the last quarter. RM Financial Services LLC purchased a new position in T. Rowe Price Technology ETF in the fourth quarter valued at approximately $412,000. Independent Financial Group LLC purchased a new position in T. Rowe Price Technology ETF in the first quarter valued at approximately $702,000. Finally, Integrity Wealth Partners LLC purchased a new position in T. Rowe Price Technology ETF in the first quarter valued at approximately $1,212,000.

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.