Short Interest in PGIM Total Return Bond ETF (NYSEARCA:PTRB) Decreases By 75.0%

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 20,570 shares, a decrease of 75.0% from the July 15th total of 82,288 shares. Based on an average trading volume of 178,417 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

PGIM Total Return Bond ETF Price Performance

Shares of NYSEARCA:PTRB traded up $0.15 during midday trading on Thursday, hitting $41.07. 111,602 shares of the stock were exchanged, compared to its average volume of 149,887. PGIM Total Return Bond ETF has a 52-week low of $40.67 and a 52-week high of $42.78. The business’s fifty day simple moving average is $41.26 and its two-hundred day simple moving average is $41.65.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTRB. First Heartland Consultants Inc. lifted its holdings in shares of PGIM Total Return Bond ETF by 1.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 312,147 shares of the company’s stock valued at $12,942,000 after buying an additional 3,317 shares during the last quarter. First Citizens Financial Corp increased its holdings in PGIM Total Return Bond ETF by 16.9% in the second quarter. First Citizens Financial Corp now owns 61,432 shares of the company’s stock worth $2,547,000 after buying an additional 8,875 shares during the last quarter. FAS Wealth Partners Inc. increased its holdings in PGIM Total Return Bond ETF by 25.5% in the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock worth $32,840,000 after buying an additional 160,645 shares during the last quarter. NewEdge Advisors LLC bought a new position in PGIM Total Return Bond ETF during the first quarter valued at approximately $2,366,000. Finally, Royal Bank of Canada bought a new position in PGIM Total Return Bond ETF during the first quarter valued at approximately $27,000.

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.