PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Large Decline in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,783 shares, a decline of 72.3% from the April 30th total of 24,525 shares. Based on an average trading volume of 11,830 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

PGIM Active Aggregate Bond ETF Trading Down 0.4%

PAB stock traded down $0.18 during midday trading on Friday, reaching $42.14. 2,288 shares of the company’s stock traded hands, compared to its average volume of 25,085. The company has a 50-day moving average price of $42.31 and a two-hundred day moving average price of $42.70. PGIM Active Aggregate Bond ETF has a 52 week low of $41.60 and a 52 week high of $43.55.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PAB. Larson Financial Group LLC raised its holdings in PGIM Active Aggregate Bond ETF by 56.2% during the 3rd quarter. Larson Financial Group LLC now owns 595,402 shares of the company’s stock valued at $25,566,000 after acquiring an additional 214,108 shares during the period. Citadel Advisors LLC raised its holdings in PGIM Active Aggregate Bond ETF by 423.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after acquiring an additional 33,516 shares during the period. LPL Financial LLC raised its holdings in PGIM Active Aggregate Bond ETF by 107.0% during the 4th quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock valued at $2,025,000 after acquiring an additional 24,477 shares during the period. Intrua Financial LLC raised its holdings in PGIM Active Aggregate Bond ETF by 16.9% during the 4th quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock valued at $6,483,000 after acquiring an additional 21,884 shares during the period. Finally, Coign Capital Advisors LLC raised its holdings in PGIM Active Aggregate Bond ETF by 7.4% during the 4th quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after acquiring an additional 11,912 shares during the period.

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.