PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 44.3% in March

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 17,413 shares, a growth of 44.3% from the February 26th total of 12,065 shares. Based on an average trading volume of 72,859 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

PGIM Total Return Bond ETF Stock Performance

NYSEARCA:PTRB traded up $0.17 on Monday, reaching $41.53. 91,669 shares of the stock traded hands, compared to its average volume of 139,873. The company’s 50 day moving average is $42.11 and its 200-day moving average is $42.21. PGIM Total Return Bond ETF has a 1-year low of $40.21 and a 1-year high of $42.78.

PGIM Total Return Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1547 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from PGIM Total Return Bond ETF’s previous monthly dividend of $0.15.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in PGIM Total Return Bond ETF by 158.6% during the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after acquiring an additional 556,673 shares during the last quarter. Advisory Resource Group grew its holdings in PGIM Total Return Bond ETF by 116.7% during the 3rd quarter. Advisory Resource Group now owns 455,178 shares of the company’s stock worth $19,209,000 after acquiring an additional 245,134 shares during the period. RFG Bristol Wealth Advisors LLC bought a new position in shares of PGIM Total Return Bond ETF in the 3rd quarter worth about $9,675,000. PFG Private Wealth Management LLC acquired a new position in shares of PGIM Total Return Bond ETF in the 3rd quarter valued at about $7,708,000. Finally, Boyum Wealth Architects LLC lifted its stake in shares of PGIM Total Return Bond ETF by 41.2% in the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock valued at $25,553,000 after purchasing an additional 176,871 shares during the period.

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.