Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Drops By 81.6%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,387 shares, a decrease of 81.6% from the January 15th total of 12,961 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,178 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 8,178 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

PGIM Active Aggregate Bond ETF Price Performance

NYSEARCA PAB traded down $0.09 on Wednesday, reaching $42.91. The stock had a trading volume of 13,396 shares, compared to its average volume of 15,803. PGIM Active Aggregate Bond ETF has a 12-month low of $40.73 and a 12-month high of $43.41. The business’s 50-day moving average price is $42.84 and its 200 day moving average price is $42.84.

PGIM Active Aggregate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1519 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Several hedge funds have recently made changes to their positions in PAB. Larson Financial Group LLC grew its holdings in shares of PGIM Active Aggregate Bond ETF by 15.8% during the fourth quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock worth $29,464,000 after buying an additional 93,805 shares during the last quarter. Coign Capital Advisors LLC grew its stake in shares of PGIM Active Aggregate Bond ETF by 7.4% in the 4th quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after purchasing an additional 11,912 shares during the last quarter. Intrua Financial LLC increased its holdings in shares of PGIM Active Aggregate Bond ETF by 16.9% in the fourth quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock valued at $6,483,000 after purchasing an additional 21,884 shares during the period. Strategic Financial Partners Ltd. raised its stake in shares of PGIM Active Aggregate Bond ETF by 211.2% during the second quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock worth $5,018,000 after purchasing an additional 80,130 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of PGIM Active Aggregate Bond ETF by 107.0% during the fourth quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock worth $2,025,000 after purchasing an additional 24,477 shares during the period.

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.