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 June. As of June 15th, there was short interest totaling 23,954 shares, a drop of 75.9% from the May 31st total of 99,295 shares. Based on an average daily volume of 117,168 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 61.8% in the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after acquiring an additional 30,739 shares during the period. Bank of New York Mellon Corp raised its stake in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during 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 acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the first quarter worth $511,000. Price T Rowe Associates Inc. MD lifted its position 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 purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at $292,000. 1.86% of the stock is owned by institutional investors and hedge funds.

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

Shares of TAGG opened at $42.61 on Friday. T. Rowe Price QM U.S. Bond ETF has a 12 month low of $41.96 and a 12 month high of $43.72. The stock’s 50-day moving average is $42.48 and its two-hundred day moving average is $42.85. The stock has a market cap of $1.89 billion, a PE 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.