T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Short Interest Update

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 52,403 shares, a drop of 37.7% from the July 15th total of 84,089 shares. Based on an average trading volume of 132,918 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

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

NYSEARCA:TAGG traded up $0.01 during mid-day trading on Tuesday, hitting $41.88. 219,385 shares of the stock traded hands, compared to its average volume of 217,495. The business’s 50-day moving average price is $42.20 and its 200 day moving average price is $42.59. The company has a market cap of $2.33 billion, a PE ratio of 34.46 and a beta of 0.25. T. Rowe Price QM U.S. Bond ETF has a 12-month low of $41.70 and a 12-month high of $43.72.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TAGG. JPMorgan Chase & Co. purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 2nd quarter valued at $131,000. Raymond James Financial Inc. purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth $871,000. Jane Street Group LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter valued at $796,000. Citadel Advisors LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF during the third quarter valued at $396,000. Finally, Farther Finance Advisors LLC grew 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 buying an additional 1,600 shares in the last quarter. 1.86% of the stock is owned by institutional investors.

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.