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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the target of a significant decrease in short interest in 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. Based on an average daily volume of 117,168 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

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

Several large investors have recently added to or reduced their stakes in TAGG. JPMorgan Chase & Co. bought a new stake in T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at about $131,000. Farther Finance Advisors LLC boosted its position in T. Rowe Price QM U.S. Bond ETF by 54.4% during the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock worth $195,000 after purchasing an additional 1,600 shares during the period. Osaic Holdings Inc. boosted its position 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 purchasing an additional 521 shares during the period. COFG Advisors LLC bought a new position in T. Rowe Price QM U.S. Bond ETF during the fourth quarter worth about $280,000. Finally, GeoWealth Management LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the fourth 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 TAGG traded up $0.03 during mid-day trading on Friday, hitting $42.61. The stock had a trading volume of 109,166 shares, compared to its average volume of 208,314. The firm has a market cap of $1.89 billion, a P/E ratio of 34.46 and a beta of 0.25. The business has a fifty day moving average price of $42.48 and a 200-day moving average price of $42.85. T. Rowe Price QM U.S. Bond ETF has a 52 week low of $41.96 and a 52 week 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.