PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Update

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 96,919 shares, an increase of 211.7% from the April 15th total of 31,095 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 106,092 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Everest Financial Group LLC purchased a new position in shares of PGIM Total Return Bond ETF in the first quarter worth approximately $226,000. Cetera Investment Advisers boosted its holdings in shares of PGIM Total Return Bond ETF by 235.7% in the first quarter. Cetera Investment Advisers now owns 110,790 shares of the company’s stock worth $4,599,000 after buying an additional 77,789 shares during the last quarter. RFG Bristol Wealth Advisors LLC boosted its holdings in shares of PGIM Total Return Bond ETF by 12.2% in the first quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock worth $11,130,000 after buying an additional 29,180 shares during the last quarter. Bank of New York Mellon Corp raised its stake in PGIM Total Return Bond ETF by 7.1% during the 1st quarter. Bank of New York Mellon Corp now owns 157,877 shares of the company’s stock worth $6,553,000 after acquiring an additional 10,467 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in PGIM Total Return Bond ETF by 13.3% during the 1st quarter. Sanctuary Advisors LLC now owns 41,974 shares of the company’s stock worth $1,742,000 after acquiring an additional 4,938 shares during the period.

PGIM Total Return Bond ETF Stock Performance

Shares of NYSEARCA PTRB traded down $0.26 during trading on Friday, reaching $41.19. 122,489 shares of the company traded hands, compared to its average volume of 135,767. The firm has a 50 day simple moving average of $41.71 and a 200-day simple moving average of $42.06. PGIM Total Return Bond ETF has a 52-week low of $40.71 and a 52-week high of $42.78.

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.