T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 145,319 shares, an increase of 506.7% from the June 15th total of 23,954 shares. Based on an average daily trading volume, of 889,990 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF
Several hedge funds have recently made changes to their positions in TAGG. JPMorgan Chase & Co. acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $131,000. Farther Finance Advisors LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 54.4% in the 4th quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock valued at $195,000 after purchasing an additional 1,600 shares during the period. Osaic Holdings Inc. boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% in the 4th quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock valued at $199,000 after purchasing an additional 521 shares during the period. COFG Advisors LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $280,000. Finally, GeoWealth Management LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $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 0.0%
Shares of NYSEARCA TAGG traded down $0.02 during mid-day trading on Friday, reaching $42.22. The company had a trading volume of 122,867 shares, compared to its average volume of 201,678. The firm has a 50 day simple moving average of $42.40 and a two-hundred day simple moving average of $42.80. T. Rowe Price QM U.S. Bond ETF has a 52-week low of $41.96 and a 52-week high of $43.72. The stock has a market cap of $2.30 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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