Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Decreases By 55.1%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,344 shares, a decline of 55.1% from the May 14th total of 16,355 shares. Based on an average daily volume of 8,495 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

T. Rowe Price Equity Income ETF Stock Performance

Shares of TEQI stock traded up $0.55 on Friday, hitting $50.49. 2,050 shares of the stock traded hands, compared to its average volume of 10,421. The firm’s 50-day moving average price is $48.37 and its two-hundred day moving average price is $46.77. The stock has a market capitalization of $411.49 million, a PE ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a twelve month low of $41.53 and a twelve month high of $50.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC boosted its position in shares of T. Rowe Price Equity Income ETF by 1.1% during the 4th quarter. Kestra Advisory Services LLC now owns 20,111 shares of the company’s stock valued at $908,000 after acquiring an additional 223 shares during the last quarter. CWM LLC boosted its position in shares of T. Rowe Price Equity Income ETF by 1.3% during the 4th quarter. CWM LLC now owns 78,261 shares of the company’s stock valued at $3,535,000 after acquiring an additional 981 shares during the last quarter. ORG Partners LLC boosted its position in shares of T. Rowe Price Equity Income ETF by 10.7% during the 4th quarter. ORG Partners LLC now owns 10,172 shares of the company’s stock valued at $459,000 after acquiring an additional 985 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter valued at about $53,000. Finally, Triangle Securities Wealth Management boosted its position in shares of T. Rowe Price Equity Income ETF by 7.0% during the 1st quarter. Triangle Securities Wealth Management now owns 18,704 shares of the company’s stock valued at $842,000 after acquiring an additional 1,221 shares during the last quarter.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.