T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Sees Significant Decrease in Short Interest

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 10,045 shares, a decline of 60.6% from the August 31st total of 25,507 shares. Based on an average daily volume of 44,275 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEQI. M Holdings Securities Inc. purchased a new position in shares of T. Rowe Price Equity Income ETF in the fourth quarter worth $2,201,000. Bank of America Corp DE boosted its position in T. Rowe Price Equity Income ETF by 21.4% during the 1st quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock valued at $5,493,000 after buying an additional 21,511 shares during the period. Ascentis Independent Advisors purchased a new stake in T. Rowe Price Equity Income ETF during the 1st quarter valued at $457,000. Kestra Advisory Services LLC grew its holdings in T. Rowe Price Equity Income ETF by 10.6% in the 1st quarter. Kestra Advisory Services LLC now owns 22,245 shares of the company’s stock worth $1,001,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of T. Rowe Price Equity Income ETF by 3.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 58,581 shares of the company’s stock valued at $2,646,000 after acquiring an additional 1,722 shares during the period.

T. Rowe Price Equity Income ETF Price Performance

TEQI stock traded down $0.20 during midday trading on Tuesday, reaching $50.78. The company had a trading volume of 92,249 shares, compared to its average volume of 15,991. The firm has a 50-day moving average price of $52.25 and a 200-day moving average price of $49.79. The company has a market capitalization of $477.33 million, a P/E ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a 1 year low of $42.44 and a 1 year high of $53.35.

T. Rowe Price Equity Income ETF Company Profile

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.