Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Declines By 81.6%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 2,387 shares, a drop of 81.6% from the January 15th total of 12,961 shares. Based on an average daily volume of 8,178 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 8,178 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of PGIM Active Aggregate Bond ETF in the fourth quarter valued at approximately $25,000. Flow Traders U.S. LLC acquired a new stake in PGIM Active Aggregate Bond ETF during the third quarter worth approximately $246,000. Jane Street Group LLC grew its stake in PGIM Active Aggregate Bond ETF by 63.0% in the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock worth $1,037,000 after acquiring an additional 9,464 shares during the period. Evergreen Wealth Partners LLC acquired a new position in PGIM Active Aggregate Bond ETF in the 4th quarter valued at $504,000. Finally, Coign Capital Advisors LLC raised its holdings in PGIM Active Aggregate Bond ETF by 7.4% in the 4th quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after acquiring an additional 11,912 shares during the last quarter.

PGIM Active Aggregate Bond ETF Price Performance

PAB stock traded up $0.17 on Tuesday, reaching $43.00. The company had a trading volume of 10,294 shares, compared to its average volume of 15,896. The company’s fifty day moving average is $42.84 and its 200 day moving average is $42.84. PGIM Active Aggregate Bond ETF has a 1 year low of $40.73 and a 1 year high of $43.41.

PGIM Active Aggregate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1519 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.