PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Large Growth in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 16,693 shares, a growth of 2,111.0% from the October 15th total of 755 shares. Based on an average trading volume of 10,935 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A hedge fund recently raised its stake in PGIM Active Aggregate Bond ETF stock. Cetera Investment Advisers grew its holdings in shares of PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,942 shares of the company’s stock after acquiring an additional 5,589 shares during the quarter. Cetera Investment Advisers owned 1.64% of PGIM Active Aggregate Bond ETF worth $1,733,000 at the end of the most recent quarter.

PGIM Active Aggregate Bond ETF Stock Down 0.2%

PAB traded down $0.08 on Wednesday, reaching $40.86. The company had a trading volume of 4,721 shares, compared to its average volume of 19,858. The company’s fifty day moving average is $40.82 and its 200 day moving average is $41.91. PGIM Active Aggregate Bond ETF has a fifty-two week low of $40.05 and a fifty-two week 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.