Pgim Aaa Clo Etf (NYSEARCA:PAAA) Short Interest Up 27.1% in May

Pgim Aaa Clo Etf (NYSEARCA:PAAA) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 194,500 shares, a growth of 27.1% from the May 15th total of 153,000 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,068,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. grew its position in Pgim Aaa Clo Etf by 593.5% in the fourth quarter. Prudential Financial Inc. now owns 12,999,346 shares of the company’s stock valued at $665,567,000 after acquiring an additional 11,125,000 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Pgim Aaa Clo Etf by 55.1% during the first quarter. LPL Financial LLC now owns 2,586,851 shares of the company’s stock valued at $132,731,000 after purchasing an additional 918,996 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Pgim Aaa Clo Etf by 124.5% during the first quarter. Townsquare Capital LLC now owns 1,669,500 shares of the company’s stock valued at $85,662,000 after purchasing an additional 925,818 shares in the last quarter. Norden Group LLC boosted its stake in shares of Pgim Aaa Clo Etf by 123.7% during the first quarter. Norden Group LLC now owns 1,655,771 shares of the company’s stock valued at $84,958,000 after purchasing an additional 915,603 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Pgim Aaa Clo Etf by 122.4% during the first quarter. Jones Financial Companies Lllp now owns 995,431 shares of the company’s stock valued at $51,026,000 after purchasing an additional 547,914 shares in the last quarter.

Pgim Aaa Clo Etf Stock Performance

Shares of NYSEARCA PAAA opened at $51.33 on Friday. Pgim Aaa Clo Etf has a 52 week low of $50.44 and a 52 week high of $52.06. The stock’s fifty day moving average is $51.19 and its 200 day moving average is $51.25.

About Pgim Aaa Clo Etf

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research.