PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Significant Growth in Short Interest

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 24,726 shares, an increase of 41.8% from the December 15th total of 17,442 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 52,895 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 52,895 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

PGIM Total Return Bond ETF Stock Performance

Shares of PGIM Total Return Bond ETF stock traded down $0.10 during trading on Friday, hitting $42.09. The company’s stock had a trading volume of 67,085 shares, compared to its average volume of 311,399. PGIM Total Return Bond ETF has a 52 week low of $40.21 and a 52 week high of $42.70. The stock has a 50-day moving average price of $42.19 and a two-hundred day moving average price of $42.06.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in PGIM Total Return Bond ETF by 45.5% in the first quarter. Jane Street Group LLC now owns 39,390 shares of the company’s stock valued at $1,644,000 after acquiring an additional 12,316 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in PGIM Total Return Bond ETF during the 2nd quarter worth approximately $6,681,000. Silver Oak Securities Incorporated lifted its position in shares of PGIM Total Return Bond ETF by 1.2% in the 2nd quarter. Silver Oak Securities Incorporated now owns 101,243 shares of the company’s stock worth $4,235,000 after purchasing an additional 1,228 shares during the period. Genesis Private Wealth LLC boosted its stake in shares of PGIM Total Return Bond ETF by 1.1% in the 2nd quarter. Genesis Private Wealth LLC now owns 200,520 shares of the company’s stock valued at $8,388,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of PGIM Total Return Bond ETF by 13.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,363 shares of the company’s stock valued at $475,000 after purchasing an additional 1,380 shares during the last quarter.

About PGIM Total Return Bond ETF

The PGIM Total Return Bond ETF (PTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks total return from an actively managed, core portfolio of global investment-grade and high-yield fixed income securities with a maturity of greater than one year. PTRB was launched on Dec 8, 2021 and is managed by PGIM.