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 recipient 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 150,134 shares, the days-to-cover ratio is currently 0.4 days.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.6%

NYSEARCA TAGG traded down $0.24 during trading on Friday, hitting $42.17. 53,509 shares of the company’s stock were exchanged, compared to its average volume of 153,452. 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 fifty-two week low of $41.82 and a fifty-two week high of $43.72. The stock’s 50 day moving average price is $42.72 and its two-hundred day moving average price is $43.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF during the third quarter worth about $25,000. Jones Financial Companies Lllp raised its stake in T. Rowe Price QM U.S. Bond ETF by 494.2% during the third quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock worth $44,000 after acquiring an additional 845 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $131,000. Farther Finance Advisors LLC raised its stake in T. Rowe Price QM U.S. Bond ETF by 54.4% during the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock worth $195,000 after acquiring 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.

T. Rowe Price QM U.S. Bond ETF Company Profile

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.