Pgim Aaa Clo Etf (NYSEARCA:PAAA) Sees Significant Drop in Short Interest

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 303,690 shares, a decrease of 83.8% from the May 31st total of 1,876,942 shares. Based on an average daily trading volume, of 1,724,160 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Pgim Aaa Clo Etf

A number of hedge funds have recently added to or reduced their stakes in PAAA. Bank of America Corp DE increased its stake in Pgim Aaa Clo Etf by 19.6% during the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock valued at $422,153,000 after purchasing an additional 1,352,768 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Pgim Aaa Clo Etf in the 1st quarter valued at about $311,627,000. Morgan Stanley boosted its holdings in shares of Pgim Aaa Clo Etf by 16.4% in the 4th quarter. Morgan Stanley now owns 4,360,865 shares of the company’s stock valued at $223,538,000 after buying an additional 613,714 shares during the period. LPL Financial LLC grew its position in shares of Pgim Aaa Clo Etf by 39.9% during the 4th quarter. LPL Financial LLC now owns 4,035,122 shares of the company’s stock valued at $206,840,000 after buying an additional 1,151,352 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Pgim Aaa Clo Etf by 1,170.7% during the 1st quarter. Royal Bank of Canada now owns 3,868,028 shares of the company’s stock valued at $197,966,000 after buying an additional 3,563,618 shares during the last quarter.

Pgim Aaa Clo Etf Trading Up 0.0%

NYSEARCA:PAAA traded up $0.01 during trading hours on Friday, reaching $51.46. 1,575,489 shares of the stock were exchanged, compared to its average volume of 2,104,291. The firm has a 50 day simple moving average of $51.40 and a 200-day simple moving average of $51.36. Pgim Aaa Clo Etf has a 52 week low of $51.16 and a 52 week high of $51.54.

Pgim Aaa Clo Etf Company Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.