PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Stock Short Interest Jumps 2,111.0%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 16,693 shares, an increase of 2,111.0% from the October 15th total of 755 shares. Based on an average daily volume of 10,935 shares, the short-interest ratio is presently 1.5 days. Currently, 0.7% of the company’s stock are sold short.

PGIM Active Aggregate Bond ETF Stock Performance

NYSEARCA PAB traded down $0.28 during mid-day trading on Tuesday, hitting $40.94. The company’s stock had a trading volume of 7,148 shares, compared to its average volume of 19,938. The company’s 50 day simple moving average is $40.82 and its 200 day simple moving average is $41.91. PGIM Active Aggregate Bond ETF has a twelve month low of $40.05 and a twelve month high of $43.55.

Institutional Inflows and Outflows

A hedge fund recently raised its position in PGIM Active Aggregate Bond ETF stock. Cetera Investment Advisers lifted its holdings in shares of PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,942 shares of the company’s stock after acquiring an additional 5,589 shares during the period. Cetera Investment Advisers owned approximately 1.64% of PGIM Active Aggregate Bond ETF worth $1,733,000 at the end of the most recent reporting period.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year. PAB was launched on Apr 15, 2021 and is managed by PGIM.