PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 219.5% in August

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 65,729 shares, a growth of 219.5% from the July 30th total of 20,570 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 169,441 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in PGIM Total Return Bond ETF by 158.6% during the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock worth $38,307,000 after buying an additional 556,673 shares in the last quarter. MGO One Seven LLC purchased a new position in PGIM Total Return Bond ETF in the fourth quarter valued at about $7,204,000. FAS Wealth Partners Inc. increased its holdings in PGIM Total Return Bond ETF by 25.5% in the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock valued at $32,840,000 after buying an additional 160,645 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of PGIM Total Return Bond ETF by 21.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 467,460 shares of the company’s stock valued at $19,652,000 after acquiring an additional 83,937 shares during the period. Finally, Mosaic Family Wealth Partners LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the 4th quarter worth approximately $3,272,000.

PGIM Total Return Bond ETF Price Performance

NYSEARCA PTRB traded down $0.01 on Thursday, reaching $41.08. The stock had a trading volume of 41,146 shares, compared to its average volume of 149,410. PGIM Total Return Bond ETF has a 12-month low of $40.67 and a 12-month high of $42.78. The business’s 50-day moving average price is $41.18 and its 200 day moving average price is $41.57.

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.