PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Update

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a significant increase in short interest in the month of 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 company’s shares are sold short. Based on an average trading volume of 7,896 shares, the days-to-cover ratio is presently 0.8 days.

PGIM Active Aggregate Bond ETF Stock Up 0.2%

Shares of NYSEARCA PAB traded up $0.10 during trading hours on Wednesday, reaching $41.91. The stock had a trading volume of 13,438 shares, compared to its average volume of 21,048. The business’s fifty day moving average price is $42.09 and its two-hundred day moving average price is $42.50. PGIM Active Aggregate Bond ETF has a 52-week low of $41.23 and a 52-week high of $43.55.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of PGIM Active Aggregate Bond ETF during the 4th quarter worth $25,000. Flow Traders U.S. LLC bought a new stake in shares of PGIM Active Aggregate Bond ETF in the third quarter valued at about $246,000. Osaic Holdings Inc. raised its holdings in shares of PGIM Active Aggregate Bond ETF by 280.9% in the fourth 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 in the last quarter. Evergreen Wealth Partners LLC purchased a new stake in PGIM Active Aggregate Bond ETF in the fourth quarter worth about $504,000. Finally, Jane Street Group LLC lifted its stake in PGIM Active Aggregate Bond ETF by 63.0% in the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after acquiring an additional 9,464 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.