PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 44.3% in March

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 17,413 shares, an increase of 44.3% from the February 26th total of 12,065 shares. Based on an average daily volume of 72,859 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in shares of PGIM Total Return Bond ETF by 45.5% in the first quarter. Jane Street Group LLC now owns 39,390 shares of the company’s stock valued at $1,644,000 after purchasing an additional 12,316 shares during the period. Twin Peaks Wealth Advisors LLC lifted its stake in PGIM Total Return Bond ETF by 29.3% in the 2nd quarter. Twin Peaks Wealth Advisors LLC now owns 24,761 shares of the company’s stock valued at $1,033,000 after buying an additional 5,613 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in PGIM Total Return Bond ETF by 6.1% in the 2nd quarter. FAS Wealth Partners Inc. now owns 503,436 shares of the company’s stock worth $21,059,000 after buying an additional 29,030 shares during the last quarter. Raymond James Financial Inc. increased its stake in PGIM Total Return Bond ETF by 136.5% during the 2nd quarter. Raymond James Financial Inc. now owns 351,079 shares of the company’s stock worth $14,686,000 after buying an additional 202,611 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in shares of PGIM Total Return Bond ETF by 12.4% during the second quarter. First Heartland Consultants Inc. now owns 202,954 shares of the company’s stock valued at $8,490,000 after acquiring an additional 22,448 shares during the last quarter.

PGIM Total Return Bond ETF Stock Performance

PTRB stock traded up $0.24 during mid-day trading on Monday, reaching $41.60. 16,050 shares of the company’s stock were exchanged, compared to its average volume of 138,527. PGIM Total Return Bond ETF has a 12-month low of $40.21 and a 12-month high of $42.78. The stock’s 50 day moving average is $42.11 and its 200 day moving average is $42.21.

PGIM Total Return Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1547 per share. This is a positive change from PGIM Total Return Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

About PGIM Total Return Bond ETF

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.