Short Interest Update on T. Rowe Price Group (TROW)

T. Rowe Price Group (TROW) : The short interest in T. Rowe Price Group (TROW) has changed with an increase of 738,058 shares and the open interest is 7.8%. From 9,435,390 short positions on Jul 29, 2016, the shorts increased to 10,173,448 shares by August 15, 2016. There are 7 more days left for the expiry and the daily trading volume of the stock is 1,443,554 shares. The total interest of shorts is 4.2% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

T. Rowe Price Group (NASDAQ:TROW): The stock opened at $69.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $69.65 for the day. The stock traded down to $68.80 during the day, due to lack of any buying support eventually closed down at $68.97 with a loss of -0.82% for the day. The stock had closed at $69.54 on the previous day. The total traded volume was 876,141 shares.


In a related news, The Securities and Exchange Commission has divulged that Kennedy James A C, director of Price T Rowe Group Inc, had unloaded 50,000 shares at an average price of $77.75 in a transaction dated on April 27, 2016. The total value of the transaction was worth $3,887,500.

T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *