Short Interest in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Rises By 191.8%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 7,205 shares, a growth of 191.8% from the November 30th total of 2,469 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 5,818 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 5,818 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are sold short.

PGIM Active Aggregate Bond ETF Price Performance

PAB stock opened at $42.99 on Friday. The company’s fifty day moving average price is $43.00 and its 200-day moving average price is $42.67. PGIM Active Aggregate Bond ETF has a one year low of $40.73 and a one year high of $43.41.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in PGIM Active Aggregate Bond ETF in the 3rd quarter worth approximately $246,000. Jane Street Group LLC raised its position in shares of PGIM Active Aggregate Bond ETF by 63.0% in the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after buying an additional 9,464 shares during the last quarter. Intrua Financial LLC grew its holdings in PGIM Active Aggregate Bond ETF by 18.8% in the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock valued at $5,572,000 after buying an additional 20,537 shares in the last quarter. Citadel Advisors LLC increased its position in PGIM Active Aggregate Bond ETF by 423.2% during the third quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after purchasing an additional 33,516 shares during the last quarter. Finally, Strategic Financial Partners Ltd. lifted its holdings in PGIM Active Aggregate Bond ETF by 211.2% in the second quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after acquiring an additional 80,130 shares during the last quarter.

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.