T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Significant Drop in Short Interest

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 52,403 shares, a decrease of 37.7% from the July 15th total of 84,089 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 132,918 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 1.9% during the 3rd quarter. Raymond James Financial Inc. now owns 20,793 shares of the company’s stock worth $895,000 after buying an additional 380 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 32,240 shares of the company’s stock valued at $1,388,000 after acquiring an additional 503 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% in 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 during the last quarter. Farther Finance Advisors LLC raised 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 acquiring an additional 1,600 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of T. Rowe Price QM U.S. Bond ETF by 11.0% during the 4th quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock valued at $806,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.

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

Shares of TAGG stock opened at $42.06 on Thursday. T. Rowe Price QM U.S. Bond ETF has a one year low of $41.70 and a one year high of $43.72. The company’s 50-day simple moving average is $42.19 and its 200-day simple moving average is $42.58. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

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.