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

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

T. Rowe Price QM U.S. Bond ETF Trading Down 0.0%

TAGG traded down $0.02 on Friday, hitting $42.22. 122,867 shares of the company were exchanged, compared to its average volume of 201,678. T. Rowe Price QM U.S. Bond ETF has a twelve month low of $41.96 and a twelve month high of $43.72. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25. The firm has a 50-day moving average price of $42.40 and a two-hundred day moving average price of $42.80.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $131,000. Raymond James Financial Inc. acquired a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $871,000. Jane Street Group LLC acquired a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $796,000. Citadel Advisors LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF in the third quarter worth approximately $396,000. Finally, DAVENPORT & Co LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth approximately $1,204,000. 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.