T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Down 37.7% in July

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 52,403 shares, a drop of 37.7% from the July 15th total of 84,089 shares. Based on an average daily volume of 132,918 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth $131,000. Farther Finance Advisors LLC increased its holdings 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 in the last quarter. Osaic Holdings Inc. increased 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 valued at $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 fourth quarter worth about $280,000. Finally, GeoWealth Management LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF during the fourth quarter worth about $292,000. 1.86% of the stock is owned by hedge funds and other institutional investors.

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

TAGG traded up $0.15 on Wednesday, hitting $42.03. 1,204 shares of the company were exchanged, compared to its average volume of 216,125. T. Rowe Price QM U.S. Bond ETF has a fifty-two week low of $41.70 and a fifty-two week high of $43.72. The firm has a market capitalization of $2.34 billion, a P/E ratio of 34.46 and a beta of 0.25. The business’s fifty day moving average is $42.20 and its 200 day moving average is $42.59.

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.