T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Down 21.7% in March

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 18,772 shares, a drop of 21.7% from the February 26th total of 23,960 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,737 shares, the days-to-cover ratio is currently 2.4 days.

T. Rowe Price Equity Income ETF Trading Down 1.6%

NYSEARCA:TEQI opened at $44.26 on Friday. The firm has a fifty day simple moving average of $46.46 and a two-hundred day simple moving average of $45.07. The stock has a market capitalization of $358.51 million, a price-to-earnings ratio of 17.60 and a beta of 0.85. T. Rowe Price Equity Income ETF has a 12 month low of $36.21 and a 12 month high of $47.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TEQI. Arax Advisory Partners bought a new stake in shares of T. Rowe Price Equity Income ETF during the fourth quarter worth about $53,000. Empowered Funds LLC bought a new position in T. Rowe Price Equity Income ETF in the 4th quarter valued at about $130,000. J.W. Cole Advisors Inc. boosted its stake in T. Rowe Price Equity Income ETF by 6.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock valued at $275,000 after purchasing an additional 400 shares during the last quarter. ORG Partners LLC acquired a new position in T. Rowe Price Equity Income ETF during the 3rd quarter valued at about $403,000. Finally, NewEdge Advisors LLC bought a new stake in T. Rowe Price Equity Income ETF during the 3rd quarter worth approximately $450,000.

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.