PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Stock Short Interest Jumps 2,111.0%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 16,693 shares, an increase of 2,111.0% from the October 15th total of 755 shares. Based on an average daily 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.

PGIM Active Aggregate Bond ETF Price Performance

Shares of PGIM Active Aggregate Bond ETF stock traded down $0.14 during midday trading on Thursday, reaching $40.76. The company had a trading volume of 2,371 shares, compared to its average volume of 19,810. The stock has a fifty day moving average price of $40.81 and a 200 day moving average price of $41.90. PGIM Active Aggregate Bond ETF has a fifty-two week low of $40.05 and a fifty-two week high of $43.55.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A hedge fund recently bought a new stake in PGIM Active Aggregate Bond ETF stock. KWB Wealth purchased a new stake in shares of PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 429,144 shares of the company’s stock, valued at approximately $17,230,000. PGIM Active Aggregate Bond ETF accounts for about 1.5% of KWB Wealth’s holdings, making the stock its 13th biggest holding. KWB Wealth owned 17.73% of PGIM Active Aggregate Bond ETF as of its most recent filing with the SEC.

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.