PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Down 52.1% in May

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 46,380 shares, a decrease of 52.1% from the April 30th total of 96,919 shares. Based on an average trading volume of 122,889 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

PGIM Total Return Bond ETF Stock Down 0.3%

NYSEARCA PTRB opened at $41.48 on Wednesday. PGIM Total Return Bond ETF has a 12 month low of $40.72 and a 12 month high of $42.78. The company has a 50-day moving average of $41.59 and a 200-day moving average of $41.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PTRB. Jane Street Group LLC increased its stake in shares of PGIM Total Return Bond ETF by 45.5% during the 1st 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. Raymond James Financial Inc. increased its stake in shares of PGIM Total Return Bond ETF by 136.5% during the 2nd quarter. Raymond James Financial Inc. now owns 351,079 shares of the company’s stock valued at $14,686,000 after acquiring an additional 202,611 shares during the last quarter. First Heartland Consultants Inc. increased its stake in shares of PGIM Total Return Bond ETF by 12.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 202,954 shares of the company’s stock valued at $8,490,000 after acquiring an additional 22,448 shares during the last quarter. Truist Financial Corp increased its stake in shares of PGIM Total Return Bond ETF by 0.8% during the 3rd quarter. Truist Financial Corp now owns 189,606 shares of the company’s stock valued at $8,001,000 after acquiring an additional 1,581 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of PGIM Total Return Bond ETF by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 232,379 shares of the company’s stock valued at $9,795,000 after acquiring an additional 53,101 shares during the last quarter.

PGIM Total Return Bond ETF Company Profile

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.