T. Rowe Price Value ETF (NYSEARCA:TVAL) Stock Short Interest Declines 56.2%

T. Rowe Price Value ETF (NYSEARCA:TVAL) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 12,723 shares, a drop of 56.2% from the September 30th total of 29,076 shares. Based on an average daily volume of 123,955 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

T. Rowe Price Value ETF Price Performance

T. Rowe Price Value ETF stock traded down $0.44 during trading hours on Friday, reaching $43.68. The stock had a trading volume of 356,807 shares, compared to its average volume of 102,616. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 20.80 and a beta of 0.79. The business’s 50 day moving average price is $42.98 and its 200-day moving average price is $40.33. T. Rowe Price Value ETF has a 52 week low of $33.56 and a 52 week high of $44.12.

Institutional Investors Weigh In On T. Rowe Price Value ETF

Several institutional investors have recently bought and sold shares of the company. Independent Financial Group LLC acquired a new stake in shares of T. Rowe Price Value ETF in the 1st quarter worth $2,282,000. Northwest Wealth Advisors LLC boosted its holdings in T. Rowe Price Value ETF by 22.2% in the first quarter. Northwest Wealth Advisors LLC now owns 177,876 shares of the company’s stock worth $6,436,000 after acquiring an additional 32,305 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of T. Rowe Price Value ETF during the second quarter worth about $1,324,000. Envestnet Asset Management Inc. grew its stake in shares of T. Rowe Price Value ETF by 32.2% during the second quarter. Envestnet Asset Management Inc. now owns 105,635 shares of the company’s stock worth $4,403,000 after acquiring an additional 25,701 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of T. Rowe Price Value ETF by 22.1% during the first quarter. Cetera Investment Advisers now owns 131,166 shares of the company’s stock worth $4,746,000 after acquiring an additional 23,777 shares during the last quarter.

About T. Rowe Price Value ETF

The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser