PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Significant Growth in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 24,525 shares, an increase of 409.9% from the April 15th total of 4,810 shares. Based on an average trading volume of 9,287 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAB. Coign Capital Advisors LLC boosted its holdings in PGIM Active Aggregate Bond ETF by 7.4% during the fourth quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock worth $7,429,000 after buying an additional 11,912 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of PGIM Active Aggregate Bond ETF by 56.2% in 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 last quarter. Intrua Financial LLC increased its stake in shares of PGIM Active Aggregate Bond ETF by 18.8% in the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock valued at $5,572,000 after acquiring an additional 20,537 shares during the last quarter. Cetera Investment Advisers raised its position 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 acquiring an additional 5,589 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the 3rd quarter valued at approximately $246,000.

PGIM Active Aggregate Bond ETF Trading Down 0.0%

Shares of PGIM Active Aggregate Bond ETF stock opened at $42.14 on Friday. The firm has a fifty day moving average of $42.46 and a two-hundred day moving average of $42.78. PGIM Active Aggregate Bond ETF has a 52 week low of $41.42 and a 52 week high of $43.55.

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.