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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 59,663 shares, an increase of 79.7% from the September 15th total of 33,204 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 180,887 shares, the days-to-cover ratio is currently 0.3 days.

T. Rowe Price QM U.S. Bond ETF Stock Up 0.7%

NYSEARCA TAGG traded up $0.27 during trading hours on Thursday, hitting $41.05. The company’s stock had a trading volume of 8,053 shares, compared to its average volume of 211,063. The stock has a fifty day moving average of $41.37 and a 200 day moving average of $42.04. T. Rowe Price QM U.S. Bond ETF has a twelve month low of $40.30 and a twelve month high of $43.72. The firm has a market capitalization of $2.70 billion, a P/E ratio of 34.46 and a beta of 0.25.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in TAGG. Kickstand Ventures LLC. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at $23,887,000. Bank of New York Mellon Corp boosted its position 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 worth $7,136,000 after purchasing an additional 82,515 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 83.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock worth $4,460,000 after purchasing an additional 47,698 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of T. Rowe Price QM U.S. Bond ETF by 158.9% during the second quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock worth $2,375,000 after purchasing an additional 34,321 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% during the first quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after purchasing an additional 30,739 shares during the period. Institutional investors own 1.86% of the company’s stock.

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.