PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 38.9% in January

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 58,324 shares, a growth of 38.9% from the January 15th total of 41,985 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 84,255 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 84,255 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

A number of institutional investors have recently made changes to their positions in the business. Private Wealth Asset Management LLC purchased a new position in shares of PGIM Total Return Bond ETF during the 3rd quarter valued at approximately $134,000. Axecap Investments LLC acquired a new stake in PGIM Total Return Bond ETF in the third quarter valued at $245,000. GWN Securities Inc. acquired a new stake in PGIM Total Return Bond ETF in the fourth quarter valued at $250,000. Kestra Private Wealth Services LLC bought a new position in PGIM Total Return Bond ETF during the 4th quarter valued at $299,000. Finally, Summit Wealth Group LLC Co. acquired a new position in PGIM Total Return Bond ETF during the 4th quarter worth $315,000.

PGIM Total Return Bond ETF Stock Performance

NYSEARCA:PTRB traded up $0.10 on Friday, reaching $42.51. The stock had a trading volume of 53,095 shares, compared to its average volume of 177,947. The company has a 50-day moving average of $42.14 and a 200 day moving average of $42.16. PGIM Total Return Bond ETF has a 12-month low of $40.21 and a 12-month high of $42.70.

PGIM Total Return Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.