T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Short Interest Rises 79.7%

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 59,663 shares, a growth of 79.7% from the September 15th total of 33,204 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 180,887 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kickstand Ventures LLC. bought a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter valued at about $23,887,000. Bank of New York Mellon Corp lifted its holdings 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 period. Envestnet Asset Management Inc. lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 83.2% in the second quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock valued at $4,460,000 after buying an additional 47,698 shares during the period. Cetera Investment Advisers lifted its holdings 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 period. Finally, Citadel Advisors LLC boosted its stake in T. Rowe Price QM U.S. Bond ETF by 158.9% in the second quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock valued at $2,375,000 after acquiring an additional 34,321 shares during the last quarter. Institutional investors own 1.86% of the company’s stock.

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

Shares of T. Rowe Price QM U.S. Bond ETF stock remained flat at $40.99 during trading on Friday. 133,079 shares of the stock traded hands, compared to its average volume of 211,763. The firm has a market cap of $2.70 billion, a P/E ratio of 34.46 and a beta of 0.25. The business’s fifty day simple moving average is $41.33 and its two-hundred day simple moving average is $42.03. T. Rowe Price QM U.S. Bond ETF has a 1-year low of $40.30 and a 1-year high of $43.72.

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.