T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Up 240.3% in May

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 99,295 shares, an increase of 240.3% from the May 14th total of 29,180 shares. Based on an average trading volume of 122,444 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are short sold.

T. Rowe Price QM U.S. Bond ETF Trading Up 0.5%

Shares of NYSEARCA:TAGG traded up $0.22 during trading on Thursday, reaching $42.50. The company’s stock had a trading volume of 97,850 shares, compared to its average volume of 148,291. T. Rowe Price QM U.S. Bond ETF has a 12 month low of $41.96 and a 12 month high of $43.72. The firm’s 50 day simple moving average is $42.53 and its two-hundred day simple moving average is $42.90. The stock has a market capitalization of $1.88 billion, a PE ratio of 34.46 and a beta of 0.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TAGG. Price T Rowe Associates Inc. MD lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after acquiring an additional 1,842,191 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 82,515 shares during the period. Cetera Investment Advisers boosted its stake 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 purchasing an additional 30,739 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth about $1,204,000. Finally, Commonwealth Equity Services LLC boosted its stake 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 purchasing an additional 27,694 shares during the period. Institutional investors 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.