PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Update

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 6,783 shares, a decrease of 72.3% from the April 30th total of 24,525 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 11,830 shares, the short-interest ratio is presently 0.6 days.

PGIM Active Aggregate Bond ETF Stock Performance

PAB stock traded down $0.18 during mid-day trading on Friday, reaching $42.14. The company had a trading volume of 2,288 shares, compared to its average volume of 25,085. PGIM Active Aggregate Bond ETF has a one year low of $41.60 and a one year high of $43.55. The stock’s 50-day simple moving average is $42.31 and its two-hundred day simple moving average is $42.70.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAB. Larson Financial Group LLC grew its holdings in PGIM Active Aggregate Bond ETF by 56.2% during the third quarter. Larson Financial Group LLC now owns 595,402 shares of the company’s stock worth $25,566,000 after acquiring an additional 214,108 shares during the period. Citadel Advisors LLC lifted its stake in PGIM Active Aggregate Bond ETF by 423.2% during the third quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after purchasing an additional 33,516 shares during the last quarter. LPL Financial LLC lifted its stake in PGIM Active Aggregate Bond ETF by 107.0% during the fourth quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock valued at $2,025,000 after purchasing an additional 24,477 shares during the last quarter. Intrua Financial LLC boosted its holdings in PGIM Active Aggregate Bond ETF by 16.9% during the fourth quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock worth $6,483,000 after buying an additional 21,884 shares in the last quarter. Finally, Coign Capital Advisors LLC boosted its holdings in PGIM Active Aggregate Bond ETF by 7.4% during the fourth quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock worth $7,429,000 after buying an additional 11,912 shares in the last quarter.

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.