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) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 99,295 shares, a growth of 240.3% from the May 14th total of 29,180 shares. Based on an average daily volume of 122,444 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

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

T. Rowe Price QM U.S. Bond ETF stock traded up $0.22 during midday trading on Thursday, reaching $42.50. The 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 52-week low of $41.96 and a 52-week high of $43.72. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25. The company has a fifty day moving average of $42.53 and a 200 day moving average of $42.90.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAGG. JPMorgan Chase & Co. purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $131,000. Raymond James Financial Inc. purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $871,000. Jane Street Group LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $796,000. Jones Financial Companies Lllp raised its position in 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 worth $44,000 after purchasing an additional 845 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in T. Rowe Price QM U.S. Bond ETF by 75.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock worth $1,235,000 after purchasing an additional 12,376 shares during the period. 1.86% of the stock is owned by hedge funds and other institutional investors.

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.