PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Large Drop in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 98 shares, a decline of 98.2% from the September 15th total of 5,589 shares. Based on an average trading volume of 19,063 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in PGIM Active Aggregate Bond ETF stock. Cetera Investment Advisers raised its holdings in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) by 15.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,942 shares of the company’s stock after buying an additional 5,589 shares during the quarter. Cetera Investment Advisers owned 1.64% of PGIM Active Aggregate Bond ETF worth $1,733,000 as of its most recent SEC filing.

PGIM Active Aggregate Bond ETF Trading Down 0.0%

PGIM Active Aggregate Bond ETF stock traded down $0.01 during trading hours on Friday, hitting $40.35. The stock had a trading volume of 7,051 shares, compared to its average volume of 20,613. The company has a 50-day moving average of $41.14 and a two-hundred day moving average of $41.80. PGIM Active Aggregate Bond ETF has a fifty-two week low of $40.05 and a fifty-two week high of $43.55.

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.