T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Sees Significant Growth in Short Interest

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,834 shares, a growth of 38.1% from the March 15th total of 1,328 shares. Based on an average trading volume of 1,816 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF in the 4th quarter valued at $354,000. Jane Street Group LLC bought a new position in T. Rowe Price Hedged Equity ETF during the second quarter valued at about $405,000. Finally, HighTower Advisors LLC bought a new position in T. Rowe Price Hedged Equity ETF during the third quarter valued at about $4,762,000.

T. Rowe Price Hedged Equity ETF Trading Up 0.5%

NYSEARCA:THEQ traded up $0.14 on Wednesday, hitting $28.56. 1,338 shares of the company’s stock traded hands, compared to its average volume of 4,915. The company has a market cap of $31.42 million, a PE ratio of 24.54 and a beta of 0.69. T. Rowe Price Hedged Equity ETF has a 1 year low of $23.48 and a 1 year high of $28.56. The firm has a 50-day moving average price of $27.90 and a 200-day moving average price of $28.02.

T. Rowe Price Hedged Equity ETF Company Profile

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.