T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Large Increase in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 29,705 shares, a growth of 136.9% from the October 15th total of 12,541 shares. Based on an average daily volume of 161,499 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Several hedge funds have recently modified their holdings of TCHP. Cetera Investment Advisers grew its stake in T. Rowe Price Blue Chip Growth ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock valued at $173,252,000 after acquiring an additional 350,571 shares in the last quarter. Glenview Trust Co lifted its stake in T. Rowe Price Blue Chip Growth ETF by 3.4% in the 3rd quarter. Glenview Trust Co now owns 2,368,761 shares of the company’s stock worth $121,778,000 after purchasing an additional 77,046 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth $104,521,000. Commonwealth Equity Services LLC bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 3rd quarter valued at about $42,736,000. Finally, Armstrong Fleming & Moore Inc boosted its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 2.6% during the 3rd quarter. Armstrong Fleming & Moore Inc now owns 595,052 shares of the company’s stock valued at $30,592,000 after purchasing an additional 14,972 shares during the last quarter.

T. Rowe Price Blue Chip Growth ETF Stock Performance

TCHP traded down $0.46 during trading on Friday, reaching $47.47. 143,389 shares of the company traded hands, compared to its average volume of 215,520. T. Rowe Price Blue Chip Growth ETF has a 12-month low of $42.26 and a 12-month high of $53.26. The firm has a fifty day simple moving average of $50.19 and a 200 day simple moving average of $49.23. The company has a market cap of $2.03 billion, a P/E ratio of 25.74 and a beta of 1.21.

T. Rowe Price Blue Chip Growth ETF Company Profile

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.