Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Declines By 81.6%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,387 shares, a decline of 81.6% from the January 15th total of 12,961 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 8,178 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 8,178 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors have recently bought and sold shares of PAB. Larson Financial Group LLC increased its position in PGIM Active Aggregate Bond ETF by 56.2% during the third quarter. Larson Financial Group LLC now owns 595,402 shares of the company’s stock worth $25,566,000 after purchasing an additional 214,108 shares during the last quarter. Coign Capital Advisors LLC purchased a new stake in shares of PGIM Active Aggregate Bond ETF during the 3rd quarter valued at $6,950,000. Strategic Financial Partners Ltd. increased its holdings in shares of PGIM Active Aggregate Bond ETF by 211.2% during the 2nd quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock worth $5,018,000 after buying an additional 80,130 shares during the last quarter. Citadel Advisors LLC raised its position in shares of PGIM Active Aggregate Bond ETF by 423.2% in the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after buying an additional 33,516 shares during the period. Finally, Intrua Financial LLC raised its position in shares of PGIM Active Aggregate Bond ETF by 16.9% in the 4th quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock worth $6,483,000 after buying an additional 21,884 shares during the period.

PGIM Active Aggregate Bond ETF Stock Performance

NYSEARCA PAB traded up $0.17 during trading hours on Tuesday, hitting $43.00. 10,294 shares of the company’s stock were exchanged, compared to its average volume of 15,896. The business’s 50 day moving average is $42.84 and its 200-day moving average is $42.84. PGIM Active Aggregate Bond ETF has a 12-month low of $40.73 and a 12-month high of $43.41.

PGIM Active Aggregate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1519 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.