Short Interest in PGIM Total Return Bond ETF (NYSEARCA:PTRB) Decreases By 75.0%

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 20,570 shares, a decline of 75.0% from the July 15th total of 82,288 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 178,417 shares, the short-interest ratio is presently 0.1 days.

PGIM Total Return Bond ETF Trading Down 0.3%

NYSEARCA PTRB traded down $0.11 during trading hours on Friday, hitting $40.96. The company’s stock had a trading volume of 113,612 shares, compared to its average volume of 149,756. The stock has a fifty day moving average of $41.25 and a 200 day moving average of $41.64. PGIM Total Return Bond ETF has a twelve month low of $40.67 and a twelve month high of $42.78.

Institutional Trading of PGIM Total Return Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada bought a new position in shares of PGIM Total Return Bond ETF in the 1st quarter worth $27,000. Everest Financial Group LLC bought a new stake in PGIM Total Return Bond ETF in the first quarter valued at about $226,000. MML Investors Services LLC bought a new stake in PGIM Total Return Bond ETF in the fourth quarter valued at about $233,000. GWN Securities Inc. acquired a new position in PGIM Total Return Bond ETF in the fourth quarter valued at about $250,000. Finally, Cora Capital Advisors LLC lifted its stake in PGIM Total Return Bond ETF by 5.5% in the first quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after buying an additional 345 shares during the period.

About PGIM Total Return Bond ETF

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.