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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large 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. Based on an average daily volume of 150,134 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of institutional investors have recently made changes to their positions in TAGG. JPMorgan Chase & Co. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at approximately $131,000. Raymond James Financial Inc. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at approximately $871,000. Jane Street Group LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at approximately $796,000. Root Financial Partners LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 3rd quarter valued at approximately $25,000. Finally, Jones Financial Companies Lllp raised its position in shares of T. Rowe Price QM U.S. Bond ETF by 494.2% in the 3rd 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. 1.86% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.0%

Shares of TAGG traded down $0.02 during trading on Monday, reaching $42.15. The company’s stock had a trading volume of 72,998 shares, compared to its average volume of 152,596. The company has a fifty day moving average of $42.70 and a two-hundred day moving average of $43.01. T. Rowe Price QM U.S. Bond ETF has a twelve month low of $41.82 and a twelve month high of $43.72. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

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.