Short Interest in Pgim Aaa Clo Etf (NYSEARCA:PAAA) Expands By 119.7%

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 667,317 shares, an increase of 119.7% from the June 15th total of 303,690 shares. Based on an average trading volume of 2,379,818 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Pgim Aaa Clo Etf Stock Up 0.0%

Shares of NYSEARCA:PAAA traded up $0.02 during midday trading on Thursday, reaching $51.38. The company’s stock had a trading volume of 1,687,950 shares, compared to its average volume of 2,063,999. The firm has a 50 day moving average price of $51.39 and a two-hundred day moving average price of $51.36. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two week high of $51.54.

Hedge Funds Weigh In On Pgim Aaa Clo Etf

Several institutional investors have recently added to or reduced their stakes in PAAA. Bank of America Corp DE grew its position in shares of Pgim Aaa Clo Etf by 19.6% during the 1st quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock worth $422,153,000 after buying an additional 1,352,768 shares during the period. Sei Investments Co. acquired a new position in shares of Pgim Aaa Clo Etf during the 1st quarter valued at $311,627,000. Morgan Stanley boosted its stake in Pgim Aaa Clo Etf by 16.4% during the fourth quarter. Morgan Stanley now owns 4,360,865 shares of the company’s stock worth $223,538,000 after acquiring an additional 613,714 shares in the last quarter. LPL Financial LLC boosted its stake in Pgim Aaa Clo Etf by 39.9% during the fourth quarter. LPL Financial LLC now owns 4,035,122 shares of the company’s stock worth $206,840,000 after acquiring an additional 1,151,352 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings 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 worth $197,966,000 after purchasing an additional 3,563,618 shares during the period.

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.