PGIM Total Return Bond ETF (NYSEARCA:PTRB – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 65,729 shares, a growth of 219.5% from the July 30th total of 20,570 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 169,441 shares, the short-interest ratio is currently 0.4 days.
PGIM Total Return Bond ETF Stock Performance
NYSEARCA:PTRB traded down $0.14 during mid-day trading on Friday, hitting $40.92. 52,607 shares of the company traded hands, compared to its average volume of 150,845. The stock’s fifty day moving average price is $41.15 and its 200-day moving average price is $41.56. PGIM Total Return Bond ETF has a one year low of $40.67 and a one year high of $42.78.
Institutional Investors Weigh In On PGIM Total Return Bond ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTRB. Royal Bank of Canada bought a new position in PGIM Total Return Bond ETF in the 1st quarter worth $27,000. Everest Financial Group LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the first quarter worth about $226,000. MML Investors Services LLC bought a new stake in PGIM Total Return Bond ETF during the 4th quarter valued at approximately $233,000. GWN Securities Inc. bought a new stake in PGIM Total Return Bond ETF during the 4th quarter valued at approximately $250,000. Finally, Cora Capital Advisors LLC lifted its holdings in PGIM Total Return Bond ETF by 5.5% in the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after purchasing an additional 345 shares in the last quarter.
About PGIM Total Return Bond ETF
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.
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