Pgim Aaa Clo Etf (NYSEARCA:PAAA – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 908,293 shares, a drop of 51.1% from the September 15th total of 1,858,841 shares. Based on an average daily trading volume, of 3,422,889 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.
Pgim Aaa Clo Etf Trading Up 0.0%
Shares of NYSEARCA PAAA traded up $0.01 during trading on Friday, reaching $51.41. The stock had a trading volume of 738,512 shares, compared to its average volume of 2,219,695. The business’s 50-day moving average price is $51.41 and its 200-day moving average price is $51.38. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two week high of $51.54.
Institutional Investors Weigh In On Pgim Aaa Clo Etf
A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Pgim Aaa Clo Etf by 19.6% in the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock worth $422,153,000 after acquiring an additional 1,352,768 shares in the last quarter. Sei Investments Co. acquired a new position in Pgim Aaa Clo Etf during the 1st quarter worth $311,627,000. Royal Bank of Canada increased its holdings in Pgim Aaa Clo Etf by 1,170.7% during the 1st 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. Envestnet Asset Management Inc. increased its holdings in Pgim Aaa Clo Etf by 18.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,682,303 shares of the company’s stock worth $86,252,000 after purchasing an additional 267,180 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Pgim Aaa Clo Etf by 29.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,203,448 shares of the company’s stock worth $61,592,000 after purchasing an additional 271,557 shares during the period.
Pgim Aaa Clo Etf Company Profile
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.
Further Reading
- Five stocks we like better than Pgim Aaa Clo Etf
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Pgim Aaa Clo Etf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pgim Aaa Clo Etf and related companies with MarketBeat.com's FREE daily email newsletter.
