PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Short Interest Update

PGIM Floating Rate Income ETF (NYSEARCA:PFRL) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 10,643 shares, a decline of 31.9% from the December 15th total of 15,631 shares. Based on an average trading volume of 14,164 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 14,164 shares, the days-to-cover ratio is presently 0.8 days.

PGIM Floating Rate Income ETF Stock Up 0.1%

Shares of PFRL stock traded up $0.04 during mid-day trading on Friday, reaching $49.79. The stock had a trading volume of 7,571 shares, compared to its average volume of 22,543. PGIM Floating Rate Income ETF has a 1-year low of $45.19 and a 1-year high of $50.76. The business’s fifty day moving average is $49.76 and its 200-day moving average is $49.95.

Institutional Trading of PGIM Floating Rate Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of PFRL. Goldman Sachs Group Inc. acquired a new position in PGIM Floating Rate Income ETF during the first quarter valued at $953,000. Rovin Capital UT ADV grew its position in PGIM Floating Rate Income ETF by 7.9% during the 2nd quarter. Rovin Capital UT ADV now owns 67,814 shares of the company’s stock worth $3,402,000 after purchasing an additional 4,958 shares during the period. Moody National Bank Trust Division raised its stake in shares of PGIM Floating Rate Income ETF by 1.5% during the 2nd quarter. Moody National Bank Trust Division now owns 125,169 shares of the company’s stock valued at $6,278,000 after buying an additional 1,830 shares during the last quarter. Mariner LLC lifted its holdings in shares of PGIM Floating Rate Income ETF by 21.9% in the 3rd quarter. Mariner LLC now owns 16,858 shares of the company’s stock valued at $845,000 after buying an additional 3,028 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of PGIM Floating Rate Income ETF in the 3rd quarter valued at about $228,000.

About PGIM Floating Rate Income ETF

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.