PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Update

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 46,380 shares, a decline of 52.1% from the April 30th total of 96,919 shares. Based on an average daily volume of 122,889 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its holdings in shares of PGIM Total Return Bond ETF by 158.6% during the 3rd quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after acquiring an additional 556,673 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in PGIM Total Return Bond ETF during the third quarter valued at $7,708,000. Boyum Wealth Architects LLC raised its stake in shares of PGIM Total Return Bond ETF by 41.2% during the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock worth $25,553,000 after purchasing an additional 176,871 shares in the last quarter. MGO One Seven LLC bought a new position in PGIM Total Return Bond ETF during the fourth quarter valued at approximately $7,204,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of PGIM Total Return Bond ETF by 21.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 467,460 shares of the company’s stock valued at $19,652,000 after purchasing an additional 83,937 shares in the last quarter.

PGIM Total Return Bond ETF Price Performance

Shares of PTRB traded up $0.11 during mid-day trading on Monday, reaching $41.62. The company’s stock had a trading volume of 394,100 shares, compared to its average volume of 141,970. PGIM Total Return Bond ETF has a 1 year low of $40.72 and a 1 year high of $42.78. The business has a fifty day moving average of $41.60 and a 200 day moving average of $41.99.

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.