PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Update

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large 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. Based on an average daily volume of 7,143 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in PGIM Active Aggregate Bond ETF by 15.8% during the 4th quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock worth $29,464,000 after acquiring an additional 93,805 shares during the period. Coign Capital Advisors LLC boosted its holdings in 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 period. Intrua Financial LLC boosted its holdings in 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 valued at $6,483,000 after purchasing an additional 21,884 shares during the period. Evergreen Wealth Partners LLC bought a new position in PGIM Active Aggregate Bond ETF in the 4th quarter valued at $504,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of PGIM Active Aggregate Bond ETF during the 4th quarter valued at $25,000.

PGIM Active Aggregate Bond ETF Stock Up 0.0%

PAB stock traded up $0.02 during mid-day trading on Thursday, reaching $42.06. 13,350 shares of the company traded hands, compared to its average volume of 21,969. The company has a fifty day moving average price of $42.19 and a 200-day moving average price of $42.57. PGIM Active Aggregate Bond ETF has a 52-week low of $41.23 and a 52-week high of $43.55.

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.