T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Update

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 39,748 shares, a decline of 46.9% from the August 15th total of 74,803 shares. Based on an average daily volume of 208,740 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

T. Rowe Price QM U.S. Bond ETF stock traded down $0.01 during trading hours on Wednesday, reaching $41.21. The stock had a trading volume of 103,985 shares, compared to its average volume of 214,658. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25. The business’s 50 day moving average price is $41.89 and its 200-day moving average price is $42.37. T. Rowe Price QM U.S. Bond ETF has a 52 week low of $41.15 and a 52 week high of $43.72.

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

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth $149,000. Citadel Advisors LLC increased its position in T. Rowe Price QM U.S. Bond ETF by 158.9% during the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock valued at $2,375,000 after buying an additional 34,321 shares in the last quarter. Kickstand Ventures LLC. purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at about $23,887,000. Cetera Investment Advisers raised its stake in T. Rowe Price QM U.S. Bond ETF by 61.8% in the first quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after buying an additional 30,739 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in T. Rowe Price QM U.S. Bond ETF by 97.1% in the first quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock valued at $7,136,000 after buying an additional 82,515 shares during the last quarter. 1.86% of the stock is owned by institutional investors and hedge funds.

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.