PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Short Interest Update

PGIM Floating Rate Income ETF (NYSEARCA:PFRL) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 2,106 shares, a growth of 461.6% from the March 31st total of 375 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 18,280 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PFRL. Envestnet Asset Management Inc. acquired a new position in PGIM Floating Rate Income ETF during the 3rd quarter worth $228,000. Kestra Advisory Services LLC lifted its holdings in PGIM Floating Rate Income ETF by 8.8% during the 4th quarter. Kestra Advisory Services LLC now owns 6,706 shares of the company’s stock worth $333,000 after buying an additional 540 shares during the last quarter. Inspire Advisors LLC lifted its holdings in PGIM Floating Rate Income ETF by 2.9% during the 3rd quarter. Inspire Advisors LLC now owns 7,250 shares of the company’s stock worth $363,000 after buying an additional 205 shares during the last quarter. Summit Financial LLC purchased a new stake in PGIM Floating Rate Income ETF during the 4th quarter worth about $365,000. Finally, Tactive Advisors LLC lifted its holdings in PGIM Floating Rate Income ETF by 34.7% during the 3rd quarter. Tactive Advisors LLC now owns 7,658 shares of the company’s stock worth $384,000 after buying an additional 1,974 shares during the last quarter.

PGIM Floating Rate Income ETF Trading Up 0.1%

Shares of PFRL stock opened at $49.38 on Friday. PGIM Floating Rate Income ETF has a 12-month low of $48.60 and a 12-month high of $50.48. The business’s 50 day moving average is $49.05 and its two-hundred day moving average is $49.48.

PGIM Floating Rate Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.2255 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Monday, March 2nd.

About PGIM Floating Rate Income ETF

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.