PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Up 127.5% in December

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 16,389 shares, a growth of 127.5% from the December 15th total of 7,205 shares. Based on an average daily volume of 12,288 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 12,288 shares, the short-interest ratio is currently 1.3 days.

PGIM Active Aggregate Bond ETF Stock Up 0.1%

Shares of NYSEARCA PAB traded up $0.05 on Wednesday, hitting $42.93. The company’s stock had a trading volume of 9,684 shares, compared to its average volume of 8,602. The stock has a 50 day moving average of $42.91 and a 200-day moving average of $42.74. PGIM Active Aggregate Bond ETF has a 12-month low of $40.73 and a 12-month high of $43.41.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in shares of PGIM Active Aggregate Bond ETF during the third quarter valued at approximately $246,000. Jane Street Group LLC grew its position in shares of PGIM Active Aggregate Bond ETF by 63.0% in the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after purchasing an additional 9,464 shares during the period. Citadel Advisors LLC grew its position in shares of PGIM Active Aggregate Bond ETF by 423.2% in the third quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after purchasing an additional 33,516 shares during the period. Strategic Financial Partners Ltd. increased its stake in PGIM Active Aggregate Bond ETF by 211.2% in the second quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after purchasing an additional 80,130 shares during the last quarter. Finally, Intrua Financial LLC lifted its position in PGIM Active Aggregate Bond ETF by 18.8% during the third quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock worth $5,572,000 after buying an additional 20,537 shares during the 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.