T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Shares Shorted: Short Interest Down 60.6% in September

by · The Markets Daily

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI – Get Free Report) was the target of a large decline in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 44,275 shares, the days-to-cover ratio is presently 0.2 days.

T. Rowe Price Equity Income ETF Stock Performance

Shares of TEQI stock traded down $0.68 during mid-day trading on Monday, reaching $50.98. 5,390 shares of the company’s stock traded hands, compared to its average volume of 15,579. The firm has a market capitalization of $479.21 million, a PE ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a 12 month low of $42.44 and a 12 month high of $53.35. The firm has a 50 day moving average price of $52.25 and a two-hundred day moving average price of $49.75.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

Several institutional investors and hedge funds have recently modified their holdings of TEQI. Ascentis Independent Advisors purchased a new position in T. Rowe Price Equity Income ETF during the first quarter valued at $457,000. Triangle Securities Wealth Management boosted its holdings in shares of T. Rowe Price Equity Income ETF by 7.0% during the 1st quarter. Triangle Securities Wealth Management now owns 18,704 shares of the company’s stock valued at $842,000 after purchasing an additional 1,221 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of T. Rowe Price Equity Income ETF by 10.6% during the first quarter. Kestra Advisory Services LLC now owns 22,245 shares of the company’s stock valued at $1,001,000 after purchasing an additional 2,134 shares in the last quarter. Associated Banc Corp increased its holdings in shares of T. Rowe Price Equity Income ETF by 4.7% in the first quarter. Associated Banc Corp now owns 37,809 shares of the company’s stock worth $1,702,000 after purchasing an additional 1,695 shares during the last quarter. Finally, M Holdings Securities Inc. bought a new stake in shares of T. Rowe Price Equity Income ETF in the fourth quarter worth about $2,201,000.

T. Rowe Price Equity Income ETF Company Profile

(Get Free Report)

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.

Featured Stories