PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 211.7% in April

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 96,919 shares, an increase of 211.7% from the April 15th total of 31,095 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 106,092 shares, the days-to-cover ratio is currently 0.9 days.

PGIM Total Return Bond ETF Stock Performance

Shares of PGIM Total Return Bond ETF stock traded down $0.01 on Thursday, hitting $41.45. 98,684 shares of the company traded hands, compared to its average volume of 135,912. The firm’s 50-day simple moving average is $41.74 and its 200 day simple moving average is $42.06. PGIM Total Return Bond ETF has a 12-month low of $40.71 and a 12-month high of $42.78.

Institutional Trading of PGIM Total Return Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in shares of PGIM Total Return Bond ETF by 235.7% during the 1st quarter. Cetera Investment Advisers now owns 110,790 shares of the company’s stock valued at $4,599,000 after buying an additional 77,789 shares in the last quarter. RFG Bristol Wealth Advisors LLC raised its position in shares of PGIM Total Return Bond ETF by 12.2% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock valued at $11,130,000 after buying an additional 29,180 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of PGIM Total Return Bond ETF by 7.1% during the 1st quarter. Bank of New York Mellon Corp now owns 157,877 shares of the company’s stock valued at $6,553,000 after buying an additional 10,467 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of PGIM Total Return Bond ETF by 13.3% during the 1st quarter. Sanctuary Advisors LLC now owns 41,974 shares of the company’s stock valued at $1,742,000 after buying an additional 4,938 shares in the last quarter. Finally, Integrity Wealth Solutions LLC raised its position in shares of PGIM Total Return Bond ETF by 6.6% during the 1st quarter. Integrity Wealth Solutions LLC now owns 213,157 shares of the company’s stock valued at $8,848,000 after buying an additional 13,257 shares in the last quarter.

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.