PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Large Growth in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,205 shares, an increase of 191.8% from the November 30th total of 2,469 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,818 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 5,818 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PAB. Flow Traders U.S. LLC purchased a new stake in shares of PGIM Active Aggregate Bond ETF in the third quarter worth $246,000. Jane Street Group LLC raised its position in shares of 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 purchasing an additional 9,464 shares during the last quarter. Citadel Advisors LLC boosted its stake in PGIM Active Aggregate Bond ETF by 423.2% in the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after purchasing an additional 33,516 shares in the last quarter. Strategic Financial Partners Ltd. grew its position in PGIM Active Aggregate Bond ETF by 211.2% during the 2nd quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after purchasing an additional 80,130 shares during the last quarter. Finally, Intrua Financial LLC grew its position in PGIM Active Aggregate Bond ETF by 18.8% during the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock valued at $5,572,000 after purchasing an additional 20,537 shares during the last quarter.

PGIM Active Aggregate Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PAB traded up $0.01 on Friday, hitting $43.00. The company had a trading volume of 11,934 shares, compared to its average volume of 11,229. The firm’s 50-day simple moving average is $43.01 and its two-hundred day simple moving average is $42.66. PGIM Active Aggregate Bond ETF has a 1 year low of $40.73 and a 1 year high of $43.41.

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.