T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Up 319.8% in July

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 36,246 shares, an increase of 319.8% from the July 15th total of 8,634 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 147,023 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

Several large investors have recently modified their holdings of TTEQ. Northwestern Mutual Wealth Management Co. purchased a new position in T. Rowe Price Technology ETF in the second quarter valued at approximately $27,000. Arax Advisory Partners bought a new position in T. Rowe Price Technology ETF during the fourth quarter valued at $31,000. Private Trust Co. NA purchased a new stake in T. Rowe Price Technology ETF in the fourth quarter worth $39,000. Western Wealth Management LLC purchased a new stake in T. Rowe Price Technology ETF in the first quarter worth $45,000. Finally, Osaic Holdings Inc. increased its position in T. Rowe Price Technology ETF by 43.9% in the fourth quarter. Osaic Holdings Inc. now owns 8,308 shares of the company’s stock worth $270,000 after buying an additional 2,536 shares during the last quarter.

T. Rowe Price Technology ETF Stock Performance

NASDAQ TTEQ opened at $43.03 on Friday. The company has a market capitalization of $402.33 million, a PE ratio of 36.82 and a beta of 1.88. T. Rowe Price Technology ETF has a 52-week low of $28.69 and a 52-week high of $45.76. The company has a 50-day simple moving average of $41.85 and a 200 day simple moving average of $37.45.

T. Rowe Price Technology ETF Company Profile

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.