Short Interest in Pgim Aaa Clo Etf (NYSEARCA:PAAA) Decreases By 68.7%

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 510,436 shares, a decrease of 68.7% from the July 15th total of 1,633,120 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 2,195,750 shares, the short-interest ratio is currently 0.2 days.

Pgim Aaa Clo Etf Price Performance

NYSEARCA PAAA traded up $0.04 during trading on Friday, hitting $51.41. 1,040,683 shares of the company traded hands, compared to its average volume of 2,065,596. Pgim Aaa Clo Etf has a 12 month low of $51.16 and a 12 month high of $51.54. The business has a fifty day simple moving average of $51.38 and a 200 day simple moving average of $51.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAAA. Insight Wealth Strategies LLC raised its stake in shares of Pgim Aaa Clo Etf by 3,395.2% in the 2nd quarter. Insight Wealth Strategies LLC now owns 655,982 shares of the company’s stock valued at $33,645,000 after acquiring an additional 637,214 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Pgim Aaa Clo Etf during the second quarter worth approximately $440,000. Contravisory Investment Management Inc. bought a new stake in Pgim Aaa Clo Etf during the second quarter worth approximately $69,000. Allied Private Wealth LLC acquired a new position in Pgim Aaa Clo Etf during the second quarter valued at approximately $135,000. Finally, Breakwater Capital Group grew its holdings in Pgim Aaa Clo Etf by 58.4% during the second quarter. Breakwater Capital Group now owns 48,283 shares of the company’s stock valued at $2,475,000 after purchasing an additional 17,810 shares during the last quarter.

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.