T. Rowe Price Growth ETF (NYSEARCA:TGRT) Sees Significant Increase in Short Interest

by · The Cerbat Gem

T. Rowe Price Growth ETF (NYSEARCA:TGRT – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 60,521 shares, an increase of 108.9% from the August 15th total of 28,976 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 72,288 shares, the days-to-cover ratio is presently 0.8 days.

T. Rowe Price Growth ETF Price Performance

TGRT traded down $0.29 on Monday, reaching $45.71. 48,937 shares of the company traded hands, compared to its average volume of 131,132. The stock’s 50 day moving average price is $45.98 and its 200-day moving average price is $44.42. T. Rowe Price Growth ETF has a 52-week low of $37.60 and a 52-week high of $47.69. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 36.02 and a beta of 1.20.

Hedge Funds Weigh In On T. Rowe Price Growth ETF

A number of hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of T. Rowe Price Growth ETF in the first quarter worth $29,000. Royal Bank of Canada acquired a new stake in T. Rowe Price Growth ETF during the fourth quarter valued at $96,000. Integrated Wealth Concepts LLC purchased a new position in T. Rowe Price Growth ETF in the third quarter valued at about $212,000. Geneos Wealth Management Inc. grew its stake in T. Rowe Price Growth ETF by 27.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,494 shares of the company’s stock valued at $222,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in T. Rowe Price Growth ETF in the first quarter valued at about $242,000.

T. Rowe Price Growth ETF Company Profile

(Get Free Report)

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential

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