T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,796 shares, a decrease of 52.3% from the May 31st total of 10,061 shares. Based on an average daily volume of 12,052 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds 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 during the 2nd quarter worth $405,000. DAVENPORT & Co LLC purchased a new stake in shares of T. Rowe Price Hedged Equity ETF in the fourth quarter valued at $354,000. HighTower Advisors LLC grew its position in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after purchasing an additional 3,469 shares during the period. Finally, SageGuard Financial Group LLC acquired a new position in T. Rowe Price Hedged Equity ETF in the first quarter valued at $699,000.
T. Rowe Price Hedged Equity ETF Stock Performance
THEQ traded down $0.02 during trading on Wednesday, hitting $29.86. The stock had a trading volume of 1,157 shares, compared to its average volume of 5,293. The firm has a market capitalization of $32.85 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 $26.31 and a twelve month high of $31.59. The company’s 50-day moving average price is $29.51 and its 200 day moving average price is $28.57.
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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