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

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

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

TAGG traded up $0.02 during midday trading on Thursday, hitting $41.86. 92,556 shares of the company were exchanged, compared to its average volume of 195,509. The firm has a market capitalization of $2.33 billion, a P/E ratio of 34.46 and a beta of 0.25. 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 firm’s 50 day moving average price is $42.31 and its 200-day moving average price is $42.70.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in T. Rowe Price QM U.S. Bond ETF during the 1st quarter worth about $511,000. Rothschild Investment LLC lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 11.0% in the 4th quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock valued at $806,000 after purchasing an additional 1,850 shares during the period. Farther Finance Advisors LLC boosted its position 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 in the last quarter. COFG Advisors LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth approximately $280,000. Finally, Cetera Investment Advisers increased its holdings in T. Rowe Price QM U.S. Bond ETF by 27.9% in the fourth quarter. Cetera Investment Advisers now owns 49,748 shares of the company’s stock worth $2,141,000 after purchasing an additional 10,861 shares in the last quarter. 1.86% of the stock is owned by institutional investors and hedge funds.

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.