Short Interest in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Grows By 91.8%

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large increase in short interest during the month of 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 presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers increased its position in T. Rowe Price QM U.S. Bond ETF by 61.8% in 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 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 acquiring an additional 82,515 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 1st quarter worth about $511,000. Price T Rowe Associates Inc. MD boosted its stake 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. Finally, GeoWealth Management LLC bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth about $292,000. 1.86% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.4%

TAGG stock traded down $0.18 during mid-day trading on Tuesday, hitting $41.97. The stock had a trading volume of 8,265 shares, compared to its average volume of 151,075. T. Rowe Price QM U.S. Bond ETF has a 1-year low of $41.82 and a 1-year high of $43.72. The company has a fifty day moving average of $42.70 and a 200 day moving average of $43.01. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

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.