Short Interest in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Expands By 42.0%

PGIM Floating Rate Income ETF (NYSEARCA:PFRL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 15,114 shares, an increase of 42.0% from the December 31st total of 10,643 shares. Based on an average trading volume of 24,091 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 24,091 shares, the days-to-cover ratio is presently 0.6 days.

PGIM Floating Rate Income ETF Price Performance

PGIM Floating Rate Income ETF stock opened at $49.66 on Friday. The firm has a 50-day moving average of $49.77 and a two-hundred day moving average of $49.93. PGIM Floating Rate Income ETF has a 1 year low of $45.19 and a 1 year high of $50.75.

Hedge Funds Weigh In On PGIM Floating Rate Income ETF

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new stake in PGIM Floating Rate Income ETF during the first quarter valued at about $953,000. Jane Street Group LLC lifted its position in shares of PGIM Floating Rate Income ETF by 1,144.6% during the first quarter. Jane Street Group LLC now owns 50,381 shares of the company’s stock valued at $2,515,000 after buying an additional 46,333 shares during the last quarter. Rovin Capital UT ADV lifted its position in shares of PGIM Floating Rate Income ETF by 7.9% during the second quarter. Rovin Capital UT ADV now owns 67,814 shares of the company’s stock valued at $3,402,000 after buying an additional 4,958 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of PGIM Floating Rate Income ETF by 3.5% in the 2nd quarter. MML Investors Services LLC now owns 21,538 shares of the company’s stock valued at $1,080,000 after buying an additional 722 shares in the last quarter. Finally, Tactive Advisors LLC purchased a new position in shares of PGIM Floating Rate Income ETF in the 2nd quarter worth approximately $285,000.

PGIM Floating Rate Income ETF Company Profile

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.