Pgim Aaa Clo Etf (NYSEARCA:PAAA) Short Interest Update

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,858,841 shares, a growth of 296.1% from the August 31st total of 469,325 shares. Based on an average daily volume of 2,203,491 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Pgim Aaa Clo Etf

A number of hedge funds have recently modified their holdings of PAAA. Sei Investments Co. acquired a new position in shares of Pgim Aaa Clo Etf in the 1st quarter valued at $311,627,000. Royal Bank of Canada grew its position in Pgim Aaa Clo Etf by 1,170.7% during the 1st quarter. Royal Bank of Canada now owns 3,868,028 shares of the company’s stock worth $197,966,000 after purchasing an additional 3,563,618 shares during the last quarter. Bank of America Corp DE increased its stake in Pgim Aaa Clo Etf by 19.6% in the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock valued at $422,153,000 after purchasing an additional 1,352,768 shares during the period. LPL Financial LLC raised its holdings in shares of Pgim Aaa Clo Etf by 39.9% in the fourth quarter. LPL Financial LLC now owns 4,035,122 shares of the company’s stock valued at $206,840,000 after buying an additional 1,151,352 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of Pgim Aaa Clo Etf during the first quarter worth about $48,970,000.

Pgim Aaa Clo Etf Stock Up 0.0%

Shares of NYSEARCA PAAA traded up $0.02 during trading hours on Friday, reaching $51.52. The stock had a trading volume of 2,447,682 shares, compared to its average volume of 2,137,442. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two week high of $51.54. The firm has a 50-day moving average of $51.41 and a 200-day moving average of $51.38.

About Pgim Aaa Clo Etf

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.