Short Interest in PGIM Total Return Bond ETF (NYSEARCA:PTRB) Declines By 78.8%

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,957 shares, a drop of 78.8% from the August 15th total of 65,729 shares. Based on an average trading volume of 165,586 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

PGIM Total Return Bond ETF Trading Down 0.1%

NYSEARCA:PTRB traded down $0.03 during mid-day trading on Friday, hitting $40.28. The stock had a trading volume of 157,361 shares, compared to its average volume of 150,741. The company has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $41.43. PGIM Total Return Bond ETF has a 52 week low of $40.27 and a 52 week high of $42.78.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTRB. Apollon Wealth Management LLC increased its position in PGIM Total Return Bond ETF by 0.9% in the 1st quarter. Apollon Wealth Management LLC now owns 1,728,202 shares of the company’s stock valued at $71,738,000 after acquiring an additional 15,822 shares during the period. Raymond James Financial Inc. grew its stake in shares of PGIM Total Return Bond ETF by 158.6% in the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock worth $38,307,000 after purchasing an additional 556,673 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of PGIM Total Return Bond ETF by 25.5% during the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock valued at $32,840,000 after purchasing an additional 160,645 shares during the period. Advisory Resource Group increased its holdings in shares of PGIM Total Return Bond ETF by 3.9% during the fourth quarter. Advisory Resource Group now owns 472,860 shares of the company’s stock valued at $19,879,000 after purchasing an additional 17,682 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of PGIM Total Return Bond ETF by 21.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 467,460 shares of the company’s stock valued at $19,652,000 after purchasing an additional 83,937 shares in the last quarter.

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.