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

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 84,089 shares, a decline of 42.1% from the June 30th total of 145,319 shares. Based on an average daily trading volume, of 109,491 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

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

NYSEARCA:TAGG traded down $0.13 during mid-day trading on Wednesday, hitting $41.84. The company had a trading volume of 244,027 shares, compared to its average volume of 195,378. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25. T. Rowe Price QM U.S. Bond ETF has a 1 year low of $41.79 and a 1 year high of $43.72. The business has a fifty day simple moving average of $42.32 and a 200-day simple moving average of $42.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TAGG. JPMorgan Chase & Co. bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth $131,000. Raymond James Financial Inc. acquired a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $871,000. Jane Street Group LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter worth approximately $796,000. Citadel Advisors LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 3rd quarter worth $396,000. Finally, Farther Finance Advisors LLC raised its holdings in 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 worth $195,000 after buying an additional 1,600 shares during the period. Hedge funds and other 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.