Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Drops By 20.9%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 12,961 shares, a decline of 20.9% from the December 31st total of 16,389 shares. Based on an average daily volume of 20,212 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 20,212 shares, the days-to-cover ratio is currently 0.6 days.

PGIM Active Aggregate Bond ETF Price Performance

Shares of PAB stock traded down $0.02 during trading hours on Friday, reaching $42.86. 7,022 shares of the company’s stock were exchanged, compared to its average volume of 14,141. PGIM Active Aggregate Bond ETF has a 1 year low of $40.73 and a 1 year high of $43.41. The stock’s fifty day moving average price is $42.89 and its two-hundred day moving average price is $42.80.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC acquired a new position in PGIM Active Aggregate Bond ETF during the third quarter worth $246,000. Jane Street Group LLC boosted its holdings in PGIM Active Aggregate Bond ETF by 63.0% in the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after buying an additional 9,464 shares during the last quarter. Citadel Advisors LLC increased its stake in PGIM Active Aggregate Bond ETF by 423.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after buying an additional 33,516 shares in the last quarter. Strategic Financial Partners Ltd. lifted its position in shares of PGIM Active Aggregate Bond ETF by 211.2% in the second quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after acquiring an additional 80,130 shares in the last quarter. Finally, Intrua Financial LLC boosted its stake in shares of PGIM Active Aggregate Bond ETF by 18.8% in the third quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock worth $5,572,000 after acquiring an additional 20,537 shares during the last quarter.

About PGIM Active Aggregate Bond ETF

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year. PAB was launched on Apr 15, 2021 and is managed by PGIM.