Short Interest in T. Rowe Price Technology ETF (NASDAQ:TTEQ) Drops By 98.3%

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 24,487 shares, a decrease of 98.3% from the May 31st total of 1,436,790 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 169,782 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of T. Rowe Price Technology ETF

Several large investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC bought a new stake in shares of T. Rowe Price Technology ETF in the fourth quarter valued at $15,444,000. LPL Financial LLC bought a new position in shares of T. Rowe Price Technology ETF during the 4th quarter valued at $7,601,000. Stifel Financial Corp increased its stake in T. Rowe Price Technology ETF by 267.1% in the 4th quarter. Stifel Financial Corp now owns 97,614 shares of the company’s stock worth $3,174,000 after purchasing an additional 71,026 shares during the period. Citadel Advisors LLC raised its stake in shares of T. Rowe Price Technology ETF by 453.3% during the third quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after acquiring an additional 55,661 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in T. Rowe Price Technology ETF by 5,328.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock worth $1,615,000 after buying an additional 48,755 shares during the period.

T. Rowe Price Technology ETF Trading Up 1.0%

Shares of T. Rowe Price Technology ETF stock opened at $42.94 on Friday. The company has a market cap of $226.72 million, a P/E ratio of 36.82 and a beta of 1.84. The business has a 50-day moving average price of $40.96 and a two-hundred day moving average price of $35.33. T. Rowe Price Technology ETF has a 1-year low of $28.46 and a 1-year high of $45.76.

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.