T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Increase in Short Interest

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 72,948 shares, a growth of 80.1% from the May 31st total of 40,502 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 43,837 shares, the days-to-cover ratio is currently 1.7 days.

T. Rowe Price Dividend Growth ETF Stock Up 0.0%

Shares of TDVG opened at $49.04 on Thursday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79. T. Rowe Price Dividend Growth ETF has a 12 month low of $41.85 and a 12 month high of $49.25. The company has a 50-day moving average price of $47.80 and a two-hundred day moving average price of $46.47.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.9% during the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock worth $339,000 after purchasing an additional 214 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of T. Rowe Price Dividend Growth ETF by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 28,041 shares of the company’s stock valued at $1,251,000 after buying an additional 217 shares during the period. Aptus Capital Advisors LLC boosted its holdings in T. Rowe Price Dividend Growth ETF by 1.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 15,709 shares of the company’s stock valued at $706,000 after acquiring an additional 276 shares during the last quarter. Beaumont Financial Advisors LLC boosted its holdings in T. Rowe Price Dividend Growth ETF by 0.8% in the fourth quarter. Beaumont Financial Advisors LLC now owns 44,288 shares of the company’s stock valued at $1,992,000 after acquiring an additional 351 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in T. Rowe Price Dividend Growth ETF by 4.6% in the fourth quarter. DAVENPORT & Co LLC now owns 9,152 shares of the company’s stock worth $412,000 after purchasing an additional 402 shares during the period.

T. Rowe Price Dividend Growth ETF Company Profile

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.