T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Down 46.9% in August
by Mitch Edgeman · The Markets DailyT. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 39,748 shares, a drop of 46.9% from the August 15th total of 74,803 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 208,740 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF
A number of institutional investors have recently modified their holdings of TAGG. Rothschild Investment LLC grew its position in T. Rowe Price QM U.S. Bond ETF by 11.0% in the fourth quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock valued at $806,000 after acquiring an additional 1,850 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at approximately $149,000. COFG Advisors LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at approximately $280,000. Fifth Third Bancorp bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 1st quarter valued at approximately $511,000. Finally, Cetera Investment Advisers increased its position in T. Rowe Price QM U.S. Bond ETF by 61.8% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.
T. Rowe Price QM U.S. Bond ETF Price Performance
NYSEARCA:TAGG traded down $0.04 during mid-day trading on Tuesday, reaching $41.22. The stock had a trading volume of 134,607 shares, compared to its average volume of 215,278. T. Rowe Price QM U.S. Bond ETF has a 12 month low of $41.15 and a 12 month high of $43.72. The stock has a market capitalization of $2.30 billion, a PE ratio of 34.46 and a beta of 0.25. The stock has a 50-day simple moving average of $41.91 and a two-hundred day simple moving average of $42.38.
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.