PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Up 89.5% in June

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 7,143 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Several hedge funds have recently made changes to their positions in PAB. Larson Financial Group LLC boosted its stake in 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 worth $29,464,000 after purchasing an additional 93,805 shares during the period. Coign Capital Advisors LLC raised its stake in PGIM Active Aggregate Bond ETF by 7.4% during 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 lifted its holdings in shares of PGIM Active Aggregate Bond ETF by 13.6% in the first quarter. Intrua Financial LLC now owns 172,282 shares of the company’s stock valued at $7,293,000 after purchasing an additional 20,642 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of PGIM Active Aggregate Bond ETF by 107.0% in the fourth quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock valued at $2,025,000 after purchasing an additional 24,477 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of PGIM Active Aggregate Bond ETF by 423.2% in the third quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after buying an additional 33,516 shares during the period.

PGIM Active Aggregate Bond ETF Stock Performance

Shares of PAB traded down $0.04 during midday trading on Wednesday, hitting $42.09. The stock had a trading volume of 16,086 shares, compared to its average volume of 22,026. PGIM Active Aggregate Bond ETF has a fifty-two week low of $41.23 and a fifty-two week high of $43.55. The business has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $42.57.

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.