Pgim Aaa Clo Etf (NYSEARCA:PAAA) Stock Short Interest Declines 51.1%

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 908,293 shares, a decline of 51.1% from the September 15th total of 1,858,841 shares. Based on an average daily volume of 3,422,889 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of Pgim Aaa Clo Etf

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in Pgim Aaa Clo Etf during the first quarter worth approximately $311,627,000. Royal Bank of Canada raised its position in Pgim Aaa Clo Etf by 1,170.7% in the first quarter. Royal Bank of Canada now owns 3,868,028 shares of the company’s stock valued at $197,966,000 after purchasing an additional 3,563,618 shares during the period. Bank of America Corp DE raised its position in Pgim Aaa Clo Etf by 19.6% in the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock valued at $422,153,000 after purchasing an additional 1,352,768 shares during the period. Independent Financial Group LLC acquired a new position in shares of Pgim Aaa Clo Etf during the first quarter worth about $48,970,000. Finally, Insight Wealth Strategies LLC lifted its stake in shares of Pgim Aaa Clo Etf by 3,395.2% during the second quarter. Insight Wealth Strategies LLC now owns 655,982 shares of the company’s stock worth $33,645,000 after purchasing an additional 637,214 shares in the last quarter.

Pgim Aaa Clo Etf Stock Performance

PAAA stock remained flat at $51.39 on Wednesday. 2,113,084 shares of the company traded hands, compared to its average volume of 2,217,195. Pgim Aaa Clo Etf has a 1 year low of $51.16 and a 1 year high of $51.54. The company has a fifty day simple moving average of $51.40 and a two-hundred day simple moving average of $51.38.

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.