PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 38.9% in January

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 58,324 shares, an increase of 38.9% from the January 15th total of 41,985 shares. Based on an average daily volume of 84,255 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 84,255 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PTRB. Private Wealth Asset Management LLC purchased a new stake in PGIM Total Return Bond ETF in the 3rd quarter worth approximately $134,000. MML Investors Services LLC bought a new position in PGIM Total Return Bond ETF in the 4th quarter worth $233,000. Axecap Investments LLC purchased a new stake in shares of PGIM Total Return Bond ETF in the 3rd quarter worth about $245,000. GWN Securities Inc. bought a new stake in shares of PGIM Total Return Bond ETF during the 4th quarter valued at about $250,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of PGIM Total Return Bond ETF during the fourth quarter valued at about $299,000.

PGIM Total Return Bond ETF Trading Up 0.1%

PGIM Total Return Bond ETF stock traded up $0.03 during midday trading on Tuesday, reaching $42.54. The stock had a trading volume of 59,688 shares, compared to its average volume of 172,834. PGIM Total Return Bond ETF has a 12 month low of $40.21 and a 12 month high of $42.78. The firm’s 50-day moving average price is $42.15 and its 200 day moving average price is $42.17.

PGIM Total Return Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

PGIM Total Return Bond ETF Company Profile

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.