T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Up 506.7% in June

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 145,319 shares, a growth of 506.7% from the June 15th total of 23,954 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 889,990 shares, the days-to-cover ratio is currently 0.2 days.

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

TAGG stock traded down $0.02 during trading on Friday, reaching $42.22. 122,867 shares of the stock traded hands, compared to its average volume of 201,678. The business’s 50 day moving average price is $42.40 and its 200-day moving average price is $42.80. The firm has a market capitalization of $2.30 billion, a PE ratio of 34.46 and a beta of 0.25. T. Rowe Price QM U.S. Bond ETF has a 52-week low of $41.96 and a 52-week high of $43.72.

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

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in 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 worth $3,429,000 after purchasing an additional 30,739 shares during the period. Bank of New York Mellon Corp raised its position in T. Rowe Price QM U.S. Bond ETF by 97.1% in the first quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock valued at $7,136,000 after purchasing an additional 82,515 shares during the period. Fifth Third Bancorp purchased a new position in T. Rowe Price QM U.S. Bond ETF in the first quarter valued at about $511,000. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $1,396,982,000 after purchasing an additional 1,842,191 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during 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 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.