Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Grows By 89.5%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,174 shares, a growth of 89.5% from the May 31st total of 1,675 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,143 shares, the short-interest ratio is currently 0.4 days.

PGIM Active Aggregate Bond ETF Price Performance

NYSEARCA:PAB remained flat at $42.06 during midday trading on Friday. 13,350 shares of the company traded hands, compared to its average volume of 21,969. PGIM Active Aggregate Bond ETF has a 12-month low of $41.23 and a 12-month high of $43.55. The stock has a fifty day moving average of $42.18 and a two-hundred day moving average of $42.56.

Institutional Trading of PGIM Active Aggregate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the 4th quarter valued at about $25,000. Flow Traders U.S. LLC purchased a new stake in PGIM Active Aggregate Bond ETF in the third quarter valued at approximately $246,000. Osaic Holdings Inc. boosted its holdings in shares of PGIM Active Aggregate Bond ETF by 280.9% in the fourth quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock valued at $388,000 after acquiring an additional 6,691 shares during the period. Evergreen Wealth Partners LLC acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the fourth quarter valued at approximately $504,000. Finally, Jane Street Group LLC grew its position in shares of PGIM Active Aggregate Bond ETF by 63.0% during the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after acquiring an additional 9,464 shares during the last quarter.

About PGIM Active Aggregate Bond ETF

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.