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

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,758 shares, a drop of 57.0% from the June 30th total of 6,410 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 8,482 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of PAB. Larson Financial Group LLC increased its position in PGIM Active Aggregate Bond ETF by 15.8% in the fourth quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock worth $29,464,000 after buying an additional 93,805 shares in the last quarter. Coign Capital Advisors LLC lifted its position in shares of PGIM Active Aggregate Bond ETF by 7.4% during the 4th quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after buying an additional 11,912 shares in the last quarter. 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 valued at $7,293,000 after buying an additional 20,642 shares in the last quarter. LPL Financial LLC lifted its position in shares of PGIM Active Aggregate Bond ETF by 107.0% during 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, Citadel Advisors LLC grew its stake in shares of PGIM Active Aggregate Bond ETF by 423.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after acquiring an additional 33,516 shares during the period.

PGIM Active Aggregate Bond ETF Trading Up 0.3%

Shares of PAB stock traded up $0.13 during mid-day trading on Tuesday, reaching $41.82. 22,260 shares of the company’s stock traded hands, compared to its average volume of 20,267. PGIM Active Aggregate Bond ETF has a 12 month low of $41.23 and a 12 month high of $43.55. The firm has a 50 day moving average price of $42.03 and a two-hundred day moving average price of $42.43.

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.