PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Down 72.3% in May

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,783 shares, a decrease of 72.3% from the April 30th total of 24,525 shares. Based on an average daily trading volume, of 11,830 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

PGIM Active Aggregate Bond ETF Trading Up 0.3%

NYSEARCA:PAB opened at $42.32 on Friday. The company’s 50 day moving average price is $42.32 and its 200-day moving average price is $42.71. PGIM Active Aggregate Bond ETF has a 52 week low of $41.60 and a 52 week high of $43.55.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors have recently made changes to their positions in PAB. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PGIM Active Aggregate Bond ETF during the fourth quarter valued at approximately $25,000. Flow Traders U.S. LLC purchased a new stake in shares of PGIM Active Aggregate Bond ETF during the third quarter valued at approximately $246,000. Osaic Holdings Inc. grew its holdings in shares of PGIM Active Aggregate Bond ETF by 280.9% during the fourth quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock valued at $388,000 after buying an additional 6,691 shares during the last quarter. Evergreen Wealth Partners LLC purchased a new stake in shares of PGIM Active Aggregate Bond ETF during the fourth quarter valued at approximately $504,000. Finally, Jane Street Group LLC grew its holdings in shares of PGIM Active Aggregate Bond ETF by 63.0% during the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after buying an additional 9,464 shares during the last quarter.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year. PAB was launched on Apr 15, 2021 and is managed by PGIM.