Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Grows By 89.5%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,174 shares, an increase of 89.5% from the May 31st total of 1,675 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,143 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of PGIM Active Aggregate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in shares of PGIM Active Aggregate Bond ETF by 15.8% in the fourth quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock valued at $29,464,000 after buying an additional 93,805 shares in the last quarter. Coign Capital Advisors LLC boosted its stake in shares of PGIM Active Aggregate Bond ETF by 7.4% during the 4th quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock worth $7,429,000 after acquiring an additional 11,912 shares in the last quarter. Intrua Financial LLC grew its holdings in shares of PGIM Active Aggregate Bond ETF by 16.9% in the 4th quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock worth $6,483,000 after acquiring an additional 21,884 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of PGIM Active Aggregate Bond ETF by 40.6% in the 4th quarter. Cetera Investment Advisers now owns 35,353 shares of the company’s stock worth $1,511,000 after acquiring an additional 10,208 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of PGIM Active Aggregate Bond ETF by 280.9% during the fourth quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after purchasing an additional 6,691 shares during the period.

PGIM Active Aggregate Bond ETF Trading Down 0.1%

PAB stock traded down $0.04 during trading hours on Wednesday, hitting $42.09. 16,086 shares of the stock traded hands, compared to its average volume of 22,026. The stock has a 50-day simple moving average of $42.20 and a 200 day simple moving average of $42.57. PGIM Active Aggregate Bond ETF has a one year low of $41.23 and a one year high of $43.55.

PGIM Active Aggregate Bond ETF Company Profile

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.