T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Update

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a significant drop in short interest in 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 132,918 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth $131,000. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 1,600 shares during the period. Osaic Holdings Inc. raised its stake in shares of 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 purchasing an additional 521 shares during the period. COFG Advisors LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth about $280,000. Finally, GeoWealth Management LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth about $292,000. Institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Trading Up 0.0%

Shares of TAGG stock traded up $0.01 during trading on Tuesday, reaching $41.88. 219,385 shares of the company’s stock traded hands, compared to its average volume of 217,495. The company has a market capitalization of $2.33 billion, a P/E ratio of 34.46 and a beta of 0.25. The firm’s 50-day moving average is $42.20 and its 200 day moving average is $42.59. T. Rowe Price QM U.S. Bond ETF has a 1 year low of $41.70 and a 1 year high of $43.72.

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.