PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Update

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 12,961 shares, a decrease of 20.9% from the December 31st total of 16,389 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 20,212 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 20,212 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are sold short.

PGIM Active Aggregate Bond ETF Price Performance

NYSEARCA PAB traded up $0.01 during mid-day trading on Tuesday, reaching $42.66. The stock had a trading volume of 93,347 shares, compared to its average volume of 17,293. PGIM Active Aggregate Bond ETF has a 1 year low of $40.73 and a 1 year high of $43.41. The company has a fifty day moving average price of $42.88 and a 200 day moving average price of $42.81.

PGIM Active Aggregate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.1519 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, February 2nd.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in PGIM Active Aggregate Bond ETF by 63.0% in the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after acquiring an additional 9,464 shares during the period. Strategic Financial Partners Ltd. increased its position in shares of PGIM Active Aggregate Bond ETF by 211.2% during the 2nd quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after purchasing an additional 80,130 shares during the last quarter. Intrua Financial LLC lifted its stake in shares of PGIM Active Aggregate Bond ETF by 18.8% in the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock worth $5,572,000 after purchasing an additional 20,537 shares during the period. Coign Capital Advisors LLC purchased a new position in shares of PGIM Active Aggregate Bond ETF in the third quarter worth approximately $6,950,000. Finally, Citadel Advisors LLC grew its position in PGIM Active Aggregate Bond ETF by 423.2% during the third quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after buying an additional 33,516 shares during the period.

About PGIM Active Aggregate Bond ETF

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.