PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Significant Increase in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 8,188 shares, a growth of 243.0% from the January 29th total of 2,387 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 19,793 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 19,793 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

Several large investors have recently modified their holdings of PAB. Cetera Investment Advisers lifted its position in shares of PGIM Active Aggregate Bond ETF by 40.6% during the fourth quarter. Cetera Investment Advisers now owns 35,353 shares of the company’s stock worth $1,511,000 after purchasing an additional 10,208 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after buying an additional 6,691 shares in the last quarter. LPL Financial LLC lifted its holdings in PGIM Active Aggregate Bond ETF by 107.0% during the 4th quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock worth $2,025,000 after buying an additional 24,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in PGIM Active Aggregate Bond ETF in the 4th quarter valued at approximately $25,000. Finally, Larson Financial Group LLC grew its stake in shares of PGIM Active Aggregate Bond ETF by 15.8% in the fourth quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock worth $29,464,000 after acquiring an additional 93,805 shares in the last quarter.

PGIM Active Aggregate Bond ETF Stock Performance

Shares of PGIM Active Aggregate Bond ETF stock traded up $0.11 during mid-day trading on Friday, hitting $43.41. The stock had a trading volume of 10,601 shares, compared to its average volume of 14,618. The firm has a 50-day moving average of $42.93 and a two-hundred day moving average of $42.91. PGIM Active Aggregate Bond ETF has a 12-month low of $40.73 and a 12-month high of $43.55.

PGIM Active Aggregate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.1519 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.