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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a significant decrease in short interest during 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 shares of the company are sold short. Based on an average trading volume of 109,491 shares, the days-to-cover ratio is presently 0.8 days.

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

TAGG stock traded down $0.12 during trading on Friday, reaching $41.74. The stock had a trading volume of 91,882 shares, compared to its average volume of 194,823. The firm has a market cap of $2.32 billion, a PE ratio of 34.46 and a beta of 0.25. The stock’s 50 day moving average is $42.30 and its two-hundred day moving average is $42.70. T. Rowe Price QM U.S. Bond ETF has a 52 week low of $41.70 and a 52 week high of $43.72.

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

Institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in T. Rowe Price QM U.S. Bond ETF by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after buying an additional 1,842,191 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after acquiring an additional 82,515 shares during the last quarter. Cetera Investment Advisers grew its position in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% during the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after acquiring an additional 30,739 shares during the period. Commonwealth Equity Services LLC grew its position in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock valued at $1,400,000 after acquiring an additional 27,694 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth $871,000. Institutional investors own 1.86% of the company’s stock.

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.