PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Down 55.6% in August

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 5,262 shares, a decline of 55.6% from the July 30th total of 11,846 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 7,871 shares, the short-interest ratio is presently 0.7 days.

PGIM Active Aggregate Bond ETF Price Performance

Shares of NYSEARCA:PAB traded down $0.07 during midday trading on Monday, reaching $41.51. The company had a trading volume of 594 shares, compared to its average volume of 21,664. The company’s 50 day moving average price is $41.81 and its 200 day moving average price is $42.24. PGIM Active Aggregate Bond ETF has a 52-week low of $41.23 and a 52-week high of $43.55.

Institutional Trading of PGIM Active Aggregate Bond ETF

A number of large investors have recently bought and sold shares of PAB. Northwestern Mutual Wealth Management Co. purchased a new stake in PGIM Active Aggregate Bond ETF in the 4th quarter worth about $25,000. Flow Traders U.S. LLC bought a new stake in shares of PGIM Active Aggregate Bond ETF during the 3rd quarter valued at $246,000. Osaic Holdings Inc. lifted its holdings in PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after purchasing an additional 6,691 shares in the last quarter. Evergreen Wealth Partners LLC purchased a new stake in PGIM Active Aggregate Bond ETF during the 4th quarter worth about $504,000. Finally, Jane Street Group LLC boosted its stake in PGIM Active Aggregate Bond ETF by 63.0% in the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after purchasing an additional 9,464 shares during the period.

About PGIM Active Aggregate Bond ETF

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.