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

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 17,413 shares, a growth of 44.3% from the February 26th total of 12,065 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 72,859 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PGIM Total Return Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Private Wealth Asset Management LLC purchased a new position in PGIM Total Return Bond ETF in the 3rd quarter worth approximately $134,000. MML Investors Services LLC purchased a new stake in shares of PGIM Total Return Bond ETF in the fourth quarter valued at approximately $233,000. Axecap Investments LLC acquired a new stake in shares of PGIM Total Return Bond ETF in the third quarter valued at approximately $245,000. GWN Securities Inc. purchased a new position in PGIM Total Return Bond ETF during the fourth quarter worth approximately $250,000. Finally, Kestra Private Wealth Services LLC purchased a new position in PGIM Total Return Bond ETF during the fourth quarter worth approximately $299,000.

PGIM Total Return Bond ETF Price Performance

Shares of PGIM Total Return Bond ETF stock traded down $0.03 during trading hours on Friday, reaching $41.36. 127,179 shares of the company’s stock were exchanged, compared to its average volume of 140,691. PGIM Total Return Bond ETF has a 1 year low of $40.21 and a 1 year high of $42.78. The business has a fifty day moving average of $42.11 and a two-hundred day moving average of $42.21.

PGIM Total Return Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1547 per share. The ex-dividend date was Monday, March 2nd. This is a boost from PGIM Total Return Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.