T. Rowe Price Value ETF (NYSEARCA:TVAL) Sees Large Increase in Short Interest
by Kim Johansen · The Markets DailyT. Rowe Price Value ETF (NYSEARCA:TVAL – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 52,866 shares, an increase of 344.7% from the August 15th total of 11,888 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 99,924 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of T. Rowe Price Value ETF during the 1st quarter worth $115,000. GeoWealth Management LLC purchased a new position in T. Rowe Price Value ETF in the fourth quarter valued at about $258,000. Integrated Wealth Concepts LLC purchased a new position in T. Rowe Price Value ETF in the second quarter valued at about $316,000. Citadel Advisors LLC bought a new position in T. Rowe Price Value ETF in the second quarter worth about $345,000. Finally, Jane Street Group LLC bought a new position in T. Rowe Price Value ETF in the second quarter worth about $283,000.
T. Rowe Price Value ETF Stock Performance
NYSEARCA:TVAL traded up $0.41 during trading hours on Friday, reaching $43.11. The company’s stock had a trading volume of 118,462 shares, compared to its average volume of 96,163. The stock has a 50 day moving average price of $42.77 and a two-hundred day moving average price of $40.29. The company has a market capitalization of $1.01 billion, a P/E ratio of 20.80 and a beta of 0.78. T. Rowe Price Value ETF has a 12 month low of $33.55 and a 12 month high of $43.60.
T. Rowe Price Value ETF Company Profile
The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser