Short Interest in PGIM Total Return Bond ETF (NYSEARCA:PTRB) Expands By 211.7%

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 96,919 shares, an increase of 211.7% from the April 15th total of 31,095 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 106,092 shares, the days-to-cover ratio is currently 0.9 days.

PGIM Total Return Bond ETF Stock Performance

PTRB stock traded down $0.26 during midday trading on Friday, hitting $41.19. 122,489 shares of the stock were exchanged, compared to its average volume of 135,767. PGIM Total Return Bond ETF has a fifty-two week low of $40.71 and a fifty-two week high of $42.78. The stock’s 50-day moving average price is $41.71 and its 200-day moving average price is $42.06.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its stake in PGIM Total Return Bond ETF by 0.9% in the 1st quarter. Apollon Wealth Management LLC now owns 1,728,202 shares of the company’s stock valued at $71,738,000 after buying an additional 15,822 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in PGIM Total Return Bond ETF by 7.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,080,150 shares of the company’s stock valued at $45,582,000 after buying an additional 78,048 shares in the last quarter. Raymond James Financial Inc. lifted its stake in PGIM Total Return Bond ETF by 158.6% in the 3rd quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after buying an additional 556,673 shares in the last quarter. Howard Financial Services LTD. lifted its stake 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 in the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake 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 in the last quarter.

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.