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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 29,180 shares, a decrease of 46.9% from the April 30th total of 54,952 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 91,659 shares, the short-interest ratio is currently 0.3 days.

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

Several hedge funds have recently modified their holdings of TAGG. Price T Rowe Associates Inc. MD raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after acquiring an additional 1,842,191 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after acquiring an additional 82,515 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% during the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after acquiring an additional 30,739 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $1,204,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock worth $1,400,000 after acquiring an additional 27,694 shares in the last quarter. 1.86% of the stock is owned by hedge funds and other institutional investors.

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

Shares of TAGG traded down $0.08 during mid-day trading on Monday, hitting $42.33. 23,343 shares of the stock were exchanged, compared to its average volume of 149,466. The company has a market cap of $1.87 billion, a PE ratio of 34.46 and a beta of 0.25. T. Rowe Price QM U.S. Bond ETF has a 52-week low of $41.96 and a 52-week high of $43.72. The firm has a 50-day moving average of $42.58 and a two-hundred day moving average of $42.95.

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.