T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Down 42.1% in July

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 84,089 shares, a decline of 42.1% from the June 30th total of 145,319 shares. Based on an average trading volume of 109,491 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.3%

TAGG stock traded down $0.13 during midday trading on Wednesday, reaching $41.84. The company had a trading volume of 244,027 shares, compared to its average volume of 195,378. T. Rowe Price QM U.S. Bond ETF has a 1 year low of $41.79 and a 1 year high of $43.72. The company has a 50 day moving average of $42.32 and a two-hundred day moving average of $42.71. The company has a market capitalization of $2.32 billion, a P/E ratio of 34.46 and a beta of 0.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TAGG. JPMorgan Chase & Co. bought a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth approximately $131,000. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 1,600 shares in the last quarter. Osaic Holdings Inc. boosted its stake in T. Rowe Price QM U.S. Bond ETF by 12.7% during the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after buying an additional 521 shares in the last quarter. COFG Advisors LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at about $280,000. Finally, GeoWealth Management LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter worth approximately $292,000. Institutional investors and hedge funds own 1.86% of the company’s stock.

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.