Short Interest in PGIM Total Return Bond ETF (NYSEARCA:PTRB) Increases By 69.8%

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 41,985 shares, an increase of 69.8% from the December 31st total of 24,726 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 335,869 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 335,869 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of PGIM Total Return Bond ETF

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of PGIM Total Return Bond ETF by 45.5% during the first quarter. Jane Street Group LLC now owns 39,390 shares of the company’s stock valued at $1,644,000 after buying an additional 12,316 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in PGIM Total Return Bond ETF by 13.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,363 shares of the company’s stock valued at $475,000 after purchasing an additional 1,380 shares during the last quarter. Truist Financial Corp purchased a new stake in PGIM Total Return Bond ETF in the second quarter valued at approximately $7,765,000. Apollon Wealth Management LLC boosted its holdings in shares of PGIM Total Return Bond ETF by 20.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,674,521 shares of the company’s stock valued at $70,045,000 after acquiring an additional 283,129 shares during the last quarter. Finally, Apollon Financial LLC grew its position in PGIM Total Return Bond ETF by 10.2% during the 2nd quarter. Apollon Financial LLC now owns 36,439 shares of the company’s stock worth $1,524,000 after purchasing an additional 3,385 shares during the period.

PGIM Total Return Bond ETF Stock Performance

Shares of PGIM Total Return Bond ETF stock opened at $42.14 on Monday. PGIM Total Return Bond ETF has a 12 month low of $40.21 and a 12 month high of $42.70. The stock’s fifty day moving average price is $42.17 and its 200-day moving average price is $42.11.

PGIM Total Return Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a dividend of $0.1475 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, February 2nd.

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.