PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 38.9% in January

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 58,324 shares, a growth of 38.9% from the January 15th total of 41,985 shares. Based on an average daily trading volume, of 84,255 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 84,255 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of PGIM Total Return Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its holdings in shares of PGIM Total Return Bond ETF by 158.6% in the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after acquiring an additional 556,673 shares in the last quarter. Advisory Resource Group boosted its stake in PGIM Total Return Bond ETF by 116.7% during the 3rd quarter. Advisory Resource Group now owns 455,178 shares of the company’s stock valued at $19,209,000 after purchasing an additional 245,134 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in shares of PGIM Total Return Bond ETF during the 3rd quarter valued at $9,675,000. PFG Private Wealth Management LLC bought a new stake in shares of PGIM Total Return Bond ETF in the 3rd quarter worth $7,708,000. Finally, Boyum Wealth Architects LLC raised its stake in shares of PGIM Total Return Bond ETF by 41.2% in the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock worth $25,553,000 after buying an additional 176,871 shares in the last quarter.

PGIM Total Return Bond ETF Stock Up 0.2%

PGIM Total Return Bond ETF stock traded up $0.10 during mid-day trading on Monday, hitting $42.51. 53,095 shares of the company’s stock traded hands, compared to its average volume of 177,947. The firm has a 50 day moving average price of $42.14 and a 200 day moving average price of $42.16. PGIM Total Return Bond ETF has a one year low of $40.21 and a one year high of $42.70.

PGIM Total Return Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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.