T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Significant Increase in Short Interest

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 99,295 shares, an increase of 240.3% from the May 14th total of 29,180 shares. Based on an average daily volume of 122,444 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after acquiring an additional 1,842,191 shares during the last quarter. Towerpoint Wealth LLC increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 9.0% in the 4th quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock valued at $12,531,000 after acquiring an additional 23,931 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% in the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock valued at $7,136,000 after acquiring an additional 82,515 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% in the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after acquiring an additional 30,739 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock valued at $1,400,000 after acquiring an additional 27,694 shares during the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Price Performance

Shares of TAGG traded down $0.01 during mid-day trading on Friday, reaching $42.49. The company’s stock had a trading volume of 99,254 shares, compared to its average volume of 147,853. T. Rowe Price QM U.S. Bond ETF has a 12-month low of $41.96 and a 12-month high of $43.72. The stock has a market cap of $1.88 billion, a PE ratio of 34.46 and a beta of 0.25. The company’s 50 day moving average is $42.53 and its 200 day moving average is $42.90.

About T. Rowe Price QM U.S. Bond ETF

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.