PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Significant Drop in Short Interest

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,957 shares, a decrease of 78.8% from the August 15th total of 65,729 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 165,586 shares, the days-to-cover ratio is currently 0.1 days.

PGIM Total Return Bond ETF Trading Up 0.2%

Shares of NYSEARCA PTRB opened at $40.38 on Friday. PGIM Total Return Bond ETF has a fifty-two week low of $40.30 and a fifty-two week high of $42.78. The business’s 50 day moving average price is $40.98 and its 200-day moving average price is $41.44.

Institutional Trading of PGIM Total Return Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kelman Lazarov Inc. raised its position in PGIM Total Return Bond ETF by 20.5% during the 1st quarter. Kelman Lazarov Inc. now owns 78,482 shares of the company’s stock valued at $3,258,000 after purchasing an additional 13,339 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of PGIM Total Return Bond ETF during the 1st quarter worth $2,366,000. MSH Capital Advisors LLC grew its position in shares of PGIM Total Return Bond ETF by 48.7% during the 4th quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock worth $2,410,000 after buying an additional 18,759 shares in the last quarter. Team Financial Group LLC increased its stake in shares of PGIM Total Return Bond ETF by 4.9% during the first quarter. Team Financial Group LLC now owns 333,938 shares of the company’s stock valued at $13,862,000 after buying an additional 15,736 shares during the period. Finally, RFG Bristol Wealth Advisors LLC increased its stake in shares of PGIM Total Return Bond ETF by 12.2% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock valued at $11,130,000 after buying an additional 29,180 shares during the period.

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.