T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Down 46.9% in August

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

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Kickstand Ventures LLC. purchased 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 boosted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during the first 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 grew its stake in shares of 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 worth $3,429,000 after purchasing an additional 30,739 shares during the last quarter. Citadel Advisors LLC increased its holdings 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 purchasing an additional 34,321 shares during the period. Finally, Rothschild Investment LLC increased its holdings in T. Rowe Price QM U.S. Bond ETF by 11.0% during the 4th quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock valued at $806,000 after purchasing an additional 1,850 shares during the period. Institutional investors own 1.86% of the company’s stock.

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

Shares of T. Rowe Price QM U.S. Bond ETF stock traded up $0.19 on Thursday, hitting $41.40. The stock had a trading volume of 119,138 shares, compared to its average volume of 214,099. T. Rowe Price QM U.S. Bond ETF has a one year low of $41.15 and a one year high of $43.72. The stock’s 50-day simple moving average is $41.87 and its two-hundred day simple moving average is $42.35. The stock has a market cap of $2.31 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.