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

Pgim Aaa Clo Etf (NYSEARCA:PAAA) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 1,858,841 shares, a growth of 296.1% from the August 31st total of 469,325 shares. Based on an average daily volume of 2,203,491 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PAAA. WealthPLAN Partners LLC increased its holdings in Pgim Aaa Clo Etf by 29.8% during the 4th quarter. WealthPLAN Partners LLC now owns 353,275 shares of the company’s stock valued at $18,109,000 after purchasing an additional 81,008 shares during the period. Entelevest LLC bought a new position in Pgim Aaa Clo Etf during the 4th quarter valued at approximately $3,245,000. Potentia Wealth lifted its holdings in Pgim Aaa Clo Etf by 111.5% in the 4th quarter. Potentia Wealth now owns 399,436 shares of the company’s stock worth $20,475,000 after buying an additional 210,576 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Pgim Aaa Clo Etf by 10.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 846,304 shares of the company’s stock worth $43,382,000 after buying an additional 79,117 shares during the period. Finally, Fiduciary Alliance LLC grew its position in shares of Pgim Aaa Clo Etf by 297.3% in the 1st quarter. Fiduciary Alliance LLC now owns 82,027 shares of the company’s stock worth $4,210,000 after buying an additional 61,382 shares during the last quarter.

Pgim Aaa Clo Etf Price Performance

Shares of PAAA stock traded up $0.01 on Friday, hitting $51.52. 1,599,294 shares of the company’s stock traded hands, compared to its average volume of 2,132,614. Pgim Aaa Clo Etf has a one year low of $51.16 and a one year high of $51.54. The company’s fifty day simple moving average is $51.41 and its 200 day simple moving average is $51.37.

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.