PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Down 83.4% in February

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 12,065 shares, a decline of 83.4% from the February 12th total of 72,466 shares. Based on an average daily volume of 107,488 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 107,488 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its holdings in shares of PGIM Total Return Bond ETF by 3.1% in the fourth quarter. Apollon Wealth Management LLC now owns 1,712,380 shares of the company’s stock valued at $71,988,000 after purchasing an additional 50,964 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in PGIM Total Return Bond ETF by 7.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,080,150 shares of the company’s stock worth $45,582,000 after buying an additional 78,048 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in PGIM Total Return Bond ETF by 158.6% during the 3rd quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock worth $38,307,000 after buying an additional 556,673 shares in the last quarter. Howard Financial Services LTD. boosted its position in PGIM Total Return Bond ETF by 8.2% in the 4th quarter. Howard Financial Services LTD. now owns 732,998 shares of the company’s stock valued at $30,815,000 after buying an additional 55,578 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its position in PGIM Total Return Bond ETF by 13.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 630,483 shares of the company’s stock valued at $26,506,000 after buying an additional 72,556 shares during the last quarter.

PGIM Total Return Bond ETF Price Performance

Shares of NYSEARCA:PTRB traded down $0.21 during midday trading on Wednesday, reaching $41.90. 86,707 shares of the company’s stock were exchanged, compared to its average volume of 147,100. The company’s 50 day simple moving average is $42.23 and its two-hundred day simple moving average is $42.24. PGIM Total Return Bond ETF has a 12 month low of $40.21 and a 12 month high of $42.78.

PGIM Total Return Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1547 per share. This is an increase from PGIM Total Return Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, March 2nd.

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.