Pgim Aaa Clo Etf (NYSEARCA:PAAA) Sees Large Drop in Short Interest

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 908,293 shares, a decrease of 51.1% from the September 15th total of 1,858,841 shares. Based on an average trading volume of 3,422,889 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Pgim Aaa Clo Etf

Several hedge funds have recently made changes to their positions in PAAA. Richards Merrill & Peterson Inc. purchased a new stake in shares of Pgim Aaa Clo Etf during the 1st quarter worth $26,000. International Assets Investment Management LLC acquired a new position in shares of Pgim Aaa Clo Etf during the first quarter worth $26,000. Anchor Investment Management LLC acquired a new position in shares of Pgim Aaa Clo Etf during the first quarter worth $51,000. Contravisory Investment Management Inc. purchased a new position in Pgim Aaa Clo Etf in the second quarter valued at $69,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Pgim Aaa Clo Etf in the first quarter valued at $105,000.

Pgim Aaa Clo Etf Stock Performance

Pgim Aaa Clo Etf stock traded up $0.01 during midday trading on Thursday, reaching $51.40. 4,242,328 shares of the stock traded hands, compared to its average volume of 2,227,423. The company has a 50-day simple moving average of $51.41 and a two-hundred day simple moving average of $51.38. Pgim Aaa Clo Etf has a 12-month low of $51.16 and a 12-month high of $51.54.

About Pgim Aaa Clo Etf

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.