PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Significant Increase in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,846 shares, a growth of 329.5% from the July 15th total of 2,758 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 8,350 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors have recently modified their holdings of PAB. Northwestern Mutual Wealth Management Co. acquired a new position in shares of PGIM Active Aggregate Bond ETF during the fourth quarter worth approximately $25,000. Flow Traders U.S. LLC bought a new position in PGIM Active Aggregate Bond ETF in the 3rd quarter worth approximately $246,000. Osaic Holdings Inc. raised its position in PGIM Active Aggregate Bond ETF by 280.9% in the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after purchasing an additional 6,691 shares during the last quarter. Evergreen Wealth Partners LLC acquired a new position in PGIM Active Aggregate Bond ETF during the 4th quarter worth $504,000. Finally, Jane Street Group LLC boosted its position in PGIM Active Aggregate Bond ETF by 63.0% in the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after buying an additional 9,464 shares during the last quarter.

PGIM Active Aggregate Bond ETF Stock Performance

Shares of PGIM Active Aggregate Bond ETF stock traded up $0.07 during trading on Wednesday, reaching $41.60. The company’s stock had a trading volume of 2,570 shares, compared to its average volume of 19,349. The stock has a 50-day moving average price of $41.92 and a two-hundred day moving average price of $42.35. PGIM Active Aggregate Bond ETF has a one year low of $41.23 and a one year high of $43.55.

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.