T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 29,180 shares, a decrease of 46.9% from the April 30th total of 54,952 shares. Based on an average daily trading volume, of 91,659 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Trading of T. Rowe Price QM U.S. Bond ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings 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 valued at $3,429,000 after buying an additional 30,739 shares during the period. Bank of New York Mellon Corp raised its holdings in T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock valued at $7,136,000 after buying an additional 82,515 shares during the period. Fifth Third Bancorp purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the 1st quarter valued at $511,000. Price T Rowe Associates Inc. MD raised its holdings in T. Rowe Price QM U.S. Bond ETF by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after buying an additional 1,842,191 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the 4th quarter valued at $292,000. Hedge funds and other institutional investors own 1.86% of the company’s stock.
T. Rowe Price QM U.S. Bond ETF Trading Down 0.2%
NYSEARCA:TAGG traded down $0.08 during midday trading on Monday, hitting $42.33. 23,343 shares of the company traded hands, compared to its average volume of 149,466. The firm’s fifty day moving average is $42.58 and its 200-day moving average is $42.95. T. Rowe Price QM U.S. Bond ETF has a 12-month low of $41.96 and a 12-month high of $43.72. The firm has a market capitalization of $1.87 billion, a P/E ratio of 34.46 and a beta of 0.25.
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.
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