Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Grows By 102.0%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 6,410 shares, an increase of 102.0% from the June 15th total of 3,174 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,896 shares, the short-interest ratio is presently 0.8 days.

PGIM Active Aggregate Bond ETF Trading Down 0.1%

Shares of NYSEARCA PAB traded down $0.06 during trading on Thursday, reaching $41.85. The company had a trading volume of 1,820 shares, compared to its average volume of 20,905. The business’s 50 day moving average price is $42.08 and its 200-day moving average price is $42.49. PGIM Active Aggregate Bond ETF has a 52 week low of $41.23 and a 52 week high of $43.55.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of PGIM Active Aggregate Bond ETF by 15.8% in the 4th quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock valued at $29,464,000 after purchasing an additional 93,805 shares during the period. Coign Capital Advisors LLC grew 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 buying an additional 11,912 shares in the last quarter. Intrua Financial LLC increased its position in PGIM Active Aggregate Bond ETF by 16.9% during the fourth quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock worth $6,483,000 after acquiring an additional 21,884 shares during the period. Cetera Investment Advisers raised its position in shares of PGIM Active Aggregate Bond ETF by 40.6% in the fourth quarter. Cetera Investment Advisers now owns 35,353 shares of the company’s stock valued at $1,511,000 after buying an additional 10,208 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock valued at $388,000 after acquiring an additional 6,691 shares during the period.

PGIM Active Aggregate Bond ETF Company Profile

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.