T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) saw a significant drop in short interest in the month of 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. Based on an average daily volume of 208,740 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of T. Rowe Price QM U.S. Bond ETF
Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 2nd quarter worth $149,000. Citadel Advisors LLC raised 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 purchasing an additional 34,321 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $23,887,000. Cetera Investment Advisers lifted its position in T. Rowe Price QM U.S. Bond ETF by 61.8% during 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, Bank of New York Mellon Corp grew its stake in 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 buying an additional 82,515 shares in the last quarter. 1.86% of the stock is currently owned by institutional investors.
T. Rowe Price QM U.S. Bond ETF Stock Performance
Shares of NYSEARCA TAGG traded down $0.04 during midday trading on Tuesday, reaching $41.22. The company’s stock had a trading volume of 134,607 shares, compared to its average volume of 215,278. The company has a market cap of $2.30 billion, a P/E ratio of 34.46 and a beta of 0.25. The business’s 50 day moving average price is $41.91 and its two-hundred day moving average price is $42.38. T. Rowe Price QM U.S. Bond ETF has a fifty-two week low of $41.15 and a fifty-two week 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.
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