PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Up 329.5% in July

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 11,846 shares, an increase of 329.5% from the July 15th total of 2,758 shares. Based on an average daily trading volume, of 8,350 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew 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 purchasing an additional 5,589 shares during the period. Intrua Financial LLC lifted its position in shares of PGIM Active Aggregate Bond ETF by 13.6% during the 1st quarter. Intrua Financial LLC now owns 172,282 shares of the company’s stock worth $7,293,000 after buying an additional 20,642 shares during the period. Osaic Holdings Inc. lifted its position in shares of PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after buying an additional 6,691 shares during the period. LPL Financial LLC boosted its stake in PGIM Active Aggregate Bond ETF by 107.0% in the 4th 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 4th quarter valued at $25,000.

PGIM Active Aggregate Bond ETF Price Performance

Shares of NYSEARCA:PAB traded up $0.07 during midday trading on Wednesday, reaching $41.60. 2,570 shares of the company’s stock were exchanged, compared to its average volume of 19,349. The company’s 50 day simple moving average is $41.92 and its two-hundred day simple moving average is $42.35. PGIM Active Aggregate Bond ETF has a 12 month low of $41.23 and a 12 month high of $43.55.

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.