PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Shares Shorted: Short Interest Up 670.4% in October

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 755 shares, an increase of 670.4% from the September 30th total of 98 shares. Based on an average daily trading volume, of 15,198 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KWB Wealth acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the 3rd quarter worth about $17,230,000. Cetera Investment Advisers lifted its position in shares of PGIM Active Aggregate Bond ETF by 15.8% during the first quarter. Cetera Investment Advisers now owns 40,942 shares of the company’s stock valued at $1,733,000 after purchasing an additional 5,589 shares in the last quarter. Finally, Intrua Financial LLC boosted its holdings in PGIM Active Aggregate Bond ETF by 13.6% during the first quarter. Intrua Financial LLC now owns 172,282 shares of the company’s stock worth $7,293,000 after purchasing an additional 20,642 shares during the last quarter.

PGIM Active Aggregate Bond ETF Stock Performance

PAB traded up $0.11 during trading on Thursday, reaching $41.04. 822 shares of the stock traded hands, compared to its average volume of 19,938. The stock’s 50-day moving average is $40.92 and its 200 day moving average is $41.99. PGIM Active Aggregate Bond ETF has a 12 month low of $40.05 and a 12 month 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.