PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Drop in Short Interest

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,957 shares, a decrease of 78.8% from the August 15th total of 65,729 shares. Based on an average daily trading volume, of 165,586 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

PGIM Total Return Bond ETF Trading Down 0.1%

Shares of PTRB traded down $0.03 on Friday, reaching $40.28. The company’s stock had a trading volume of 157,361 shares, compared to its average volume of 150,741. PGIM Total Return Bond ETF has a twelve month low of $40.27 and a twelve month high of $42.78. The firm has a fifty day moving average of $40.96 and a 200-day moving average of $41.43.

Institutional Trading of PGIM Total Return Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of PTRB. Royal Bank of Canada purchased a new position in shares of PGIM Total Return Bond ETF during the first quarter valued at approximately $27,000. Everest Financial Group LLC purchased a new stake in PGIM Total Return Bond ETF in the 1st quarter valued at $226,000. MML Investors Services LLC bought a new position in PGIM Total Return Bond ETF during the 4th quarter valued at $233,000. GWN Securities Inc. purchased a new position in PGIM Total Return Bond ETF during the 4th quarter worth $250,000. Finally, Cora Capital Advisors LLC boosted its holdings in PGIM Total Return Bond ETF by 5.5% during the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after acquiring an additional 345 shares during the last quarter.

PGIM Total Return Bond ETF Company Profile

The PGIM Total Return Bond ETF (PTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks total return from an actively managed, core portfolio of global investment-grade and high-yield fixed income securities with a maturity of greater than one year. PTRB was launched on Dec 8, 2021 and is managed by PGIM.