T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 6,430 shares, a decrease of 39.8% from the July 15th total of 10,673 shares. Based on an average daily trading volume, of 3,109 shares, the short-interest ratio is currently 2.1 days. Approximately 0.5% of the company’s shares are sold short.
Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF during the 2nd quarter worth approximately $405,000. SageGuard Financial Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF in the first quarter valued at $699,000. Finally, HighTower Advisors LLC increased its holdings in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after purchasing an additional 3,469 shares during the last quarter.
T. Rowe Price Hedged Equity ETF Price Performance
Shares of T. Rowe Price Hedged Equity ETF stock traded down $0.15 during trading hours on Tuesday, hitting $30.31. The company’s stock had a trading volume of 433 shares, compared to its average volume of 4,932. The company has a market capitalization of $38.49 million, a PE ratio of 24.54 and a beta of 0.66. The stock has a 50 day moving average of $29.85 and a 200 day moving average of $29.00. T. Rowe Price Hedged Equity ETF has a 12 month low of $26.77 and a 12 month high of $31.59.
About T. Rowe Price Hedged Equity ETF
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.
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