T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Significant Growth in Short Interest

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 99,295 shares, an increase of 240.3% from the May 14th total of 29,180 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 122,444 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its stake in T. Rowe Price QM U.S. Bond ETF by 1.9% in the third quarter. Raymond James Financial Inc. now owns 20,793 shares of the company’s stock valued at $895,000 after purchasing an additional 380 shares in the last quarter. D.A. Davidson & CO. increased its stake in T. Rowe Price QM U.S. Bond ETF by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 32,240 shares of the company’s stock valued at $1,388,000 after acquiring an additional 503 shares during the last quarter. Osaic Holdings Inc. increased its stake in T. Rowe Price QM U.S. Bond ETF by 12.7% in the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock valued at $199,000 after acquiring an additional 521 shares during the last quarter. Jones Financial Companies Lllp increased its stake in T. Rowe Price QM U.S. Bond ETF by 494.2% in the third quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock valued at $44,000 after acquiring an additional 845 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in T. Rowe Price QM U.S. Bond ETF by 54.4% in the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock valued at $195,000 after acquiring an additional 1,600 shares during the last quarter. 1.86% of the stock is currently owned by institutional investors.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.0%

NYSEARCA:TAGG traded down $0.01 during trading hours on Friday, hitting $42.49. 99,254 shares of the company’s stock traded hands, compared to its average volume of 147,853. The firm has a market cap of $1.88 billion, a P/E ratio of 34.46 and a beta of 0.25. 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 business’s fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $42.90.

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.