Short Interest in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Drops By 75.9%

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 23,954 shares, a decrease of 75.9% from the May 31st total of 99,295 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 117,168 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth $131,000. Farther Finance Advisors LLC boosted its stake in T. Rowe Price QM U.S. Bond ETF by 54.4% during the 4th 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. Osaic Holdings Inc. grew its holdings in T. Rowe Price QM U.S. Bond ETF by 12.7% during the 4th quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after acquiring an additional 521 shares in the last quarter. COFG Advisors LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth $280,000. Finally, GeoWealth Management LLC bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter worth about $292,000. Hedge funds and other institutional investors own 1.86% of the company’s stock.

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

Shares of T. Rowe Price QM U.S. Bond ETF stock opened at $42.61 on Friday. T. Rowe Price QM U.S. Bond ETF has a 1-year low of $41.96 and a 1-year high of $43.72. The company has a market capitalization of $1.89 billion, a PE ratio of 34.46 and a beta of 0.25. The business has a 50-day moving average of $42.48 and a 200-day moving average of $42.85.

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.