Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Drops By 20.9%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 12,961 shares, a drop of 20.9% from the December 31st total of 16,389 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 20,212 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 20,212 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Large investors have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new stake in shares of PGIM Active Aggregate Bond ETF in the 3rd quarter worth about $246,000. Jane Street Group LLC boosted its stake in PGIM Active Aggregate Bond ETF by 63.0% during the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after buying an additional 9,464 shares during the period. Citadel Advisors LLC raised its stake 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 acquiring an additional 33,516 shares during the period. Strategic Financial Partners Ltd. boosted its stake in shares of PGIM Active Aggregate Bond ETF by 211.2% during the 2nd quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock worth $5,018,000 after purchasing an additional 80,130 shares during the period. Finally, Intrua Financial LLC raised its position in PGIM Active Aggregate Bond ETF by 18.8% in the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock worth $5,572,000 after purchasing an additional 20,537 shares during the period.

PGIM Active Aggregate Bond ETF Stock Performance

Shares of NYSEARCA PAB traded down $0.02 during mid-day trading on Friday, reaching $42.86. The company’s stock had a trading volume of 7,022 shares, compared to its average volume of 14,141. PGIM Active Aggregate Bond ETF has a 52 week low of $40.73 and a 52 week high of $43.41. The stock has a fifty day moving average of $42.89 and a two-hundred day moving average of $42.80.

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.