Short Interest in Pgim Aaa Clo Etf (NYSEARCA:PAAA) Decreases By 68.7%

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 510,436 shares, a decrease of 68.7% from the July 15th total of 1,633,120 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,195,750 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. lifted its position in Pgim Aaa Clo Etf by 0.7% during the first quarter. Koshinski Asset Management Inc. now owns 29,739 shares of the company’s stock worth $1,522,000 after purchasing an additional 210 shares during the period. Asset Allocation Strategies LLC grew its stake in Pgim Aaa Clo Etf by 0.9% during the second quarter. Asset Allocation Strategies LLC now owns 26,897 shares of the company’s stock worth $1,384,000 after buying an additional 234 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Pgim Aaa Clo Etf by 10.0% in the 4th quarter. J.Safra Asset Management Corp now owns 2,665 shares of the company’s stock valued at $137,000 after buying an additional 242 shares during the period. Comerica Bank increased its holdings in Pgim Aaa Clo Etf by 4.6% in the 4th quarter. Comerica Bank now owns 6,347 shares of the company’s stock valued at $325,000 after buying an additional 282 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in Pgim Aaa Clo Etf by 8.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,284 shares of the company’s stock valued at $220,000 after buying an additional 345 shares during the period.

Pgim Aaa Clo Etf Stock Up 0.1%

Shares of NYSEARCA PAAA opened at $51.41 on Friday. The business has a fifty day moving average price of $51.38 and a two-hundred day moving average price of $51.37. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two 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.