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

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

PGIM Active Aggregate Bond ETF Stock Performance

Shares of PAB traded down $0.15 during mid-day trading on Friday, reaching $41.58. 426,228 shares of the company’s stock were exchanged, compared to its average volume of 21,792. The business’s fifty day simple moving average is $41.81 and its 200-day simple moving average is $42.24. PGIM Active Aggregate Bond ETF has a 52-week low of $41.23 and a 52-week high of $43.55.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in 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. Intrua Financial LLC lifted its holdings in shares of PGIM Active Aggregate Bond ETF by 13.6% in the 1st quarter. Intrua Financial LLC now owns 172,282 shares of the company’s stock valued at $7,293,000 after buying an additional 20,642 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of PGIM Active Aggregate Bond ETF by 280.9% in the 4th 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 during the period. LPL Financial LLC boosted its stake in shares of PGIM Active Aggregate Bond ETF by 107.0% in the fourth quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock valued at $2,025,000 after buying an additional 24,477 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the fourth quarter valued at about $25,000.

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.