Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Declines By 55.6%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,262 shares, a drop of 55.6% from the July 30th total of 11,846 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 7,871 shares, the days-to-cover ratio is presently 0.7 days.

PGIM Active Aggregate Bond ETF Price Performance

Shares of PGIM Active Aggregate Bond ETF stock traded down $0.15 on Friday, reaching $41.58. The company had a trading volume of 426,228 shares, compared to its average volume of 21,792. PGIM Active Aggregate Bond ETF has a 52-week low of $41.23 and a 52-week high of $43.55. The firm’s 50 day moving average price is $41.81 and its two-hundred day moving average price is $42.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in PGIM Active Aggregate Bond ETF during the 4th quarter worth approximately $25,000. Cetera Investment Advisers boosted its stake in shares of PGIM Active Aggregate Bond ETF by 15.8% in the 1st quarter. Cetera Investment Advisers now owns 40,942 shares of the company’s stock valued at $1,733,000 after buying an additional 5,589 shares during the period. Flow Traders U.S. LLC purchased a new position in PGIM Active Aggregate Bond ETF in the third quarter worth approximately $246,000. Osaic Holdings Inc. raised its stake in 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 buying an additional 6,691 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in PGIM Active Aggregate Bond ETF by 63.0% during the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after buying an additional 9,464 shares during the last quarter.

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.