T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Shares Shorted: Short Interest Up 79.7% in September

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a large growth in short interest during 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. Based on an average daily volume of 180,887 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of large investors have recently modified their holdings of TAGG. Kickstand Ventures LLC. acquired a new position in T. Rowe Price QM U.S. Bond ETF during the 2nd quarter worth $23,887,000. Bank of New York Mellon Corp boosted 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 acquiring an additional 82,515 shares during the last quarter. Envestnet Asset Management Inc. increased its position 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 worth $4,460,000 after purchasing an additional 47,698 shares during the period. Cetera Investment Advisers increased its position 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 worth $3,429,000 after purchasing an additional 30,739 shares during the period. Finally, Citadel Advisors LLC increased its position 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 worth $2,375,000 after purchasing an additional 34,321 shares during the period. 1.86% of the stock is currently owned by institutional investors and hedge funds.

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

T. Rowe Price QM U.S. Bond ETF stock traded up $0.27 during trading hours on Thursday, hitting $41.05. 8,053 shares of the stock were exchanged, compared to its average volume of 211,063. The stock has a market capitalization of $2.70 billion, a P/E ratio of 34.46 and a beta of 0.25. The business’s 50-day moving average is $41.37 and its two-hundred day moving average is $42.04. T. Rowe Price QM U.S. Bond ETF has a 12 month low of $40.30 and a 12 month high of $43.72.

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.