T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Up 91.8% in April

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 54,952 shares, an increase of 91.8% from the April 15th total of 28,644 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 150,134 shares, the days-to-cover ratio is presently 0.4 days.

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

TAGG stock traded down $0.24 during midday trading on Friday, reaching $42.17. The company had a trading volume of 53,509 shares, compared to its average volume of 153,452. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25. The stock has a 50 day moving average price of $42.72 and a 200-day moving average price of $43.03. T. Rowe Price QM U.S. Bond ETF has a 1-year low of $41.82 and a 1-year high of $43.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TAGG. Root Financial Partners LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF in the third quarter valued at about $25,000. Jones Financial Companies Lllp raised its stake in T. Rowe Price QM U.S. Bond ETF by 494.2% in the third quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock valued at $44,000 after purchasing an additional 845 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at about $131,000. Farther Finance Advisors LLC raised its stake in T. Rowe Price QM U.S. Bond ETF by 54.4% in the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock valued at $195,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in T. Rowe Price QM U.S. Bond ETF by 12.7% during the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds 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.