PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Short Interest Update

PGIM Floating Rate Income ETF (NYSEARCA:PFRL) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 15,114 shares, a growth of 42.0% from the December 31st total of 10,643 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,091 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 24,091 shares, the short-interest ratio is presently 0.6 days. Currently, 0.7% of the shares of the stock are sold short.

PGIM Floating Rate Income ETF Trading Down 0.2%

PGIM Floating Rate Income ETF stock opened at $49.54 on Tuesday. PGIM Floating Rate Income ETF has a 12-month low of $45.19 and a 12-month high of $50.66. The firm has a 50 day simple moving average of $49.76 and a 200-day simple moving average of $49.92.

PGIM Floating Rate Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2407 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, February 2nd.

Hedge Funds Weigh In On PGIM Floating Rate Income ETF

Several large investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC bought a new stake in shares of PGIM Floating Rate Income ETF in the 3rd quarter worth approximately $3,581,000. Jane Street Group LLC grew its position in PGIM Floating Rate Income ETF by 1,144.6% in the first quarter. Jane Street Group LLC now owns 50,381 shares of the company’s stock worth $2,515,000 after buying an additional 46,333 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of PGIM Floating Rate Income ETF in the fourth quarter valued at $1,302,000. Goldman Sachs Group Inc. acquired a new stake in shares of PGIM Floating Rate Income ETF during the 1st quarter valued at $953,000. Finally, TBH Global Asset Management LLC acquired a new stake in shares of PGIM Floating Rate Income ETF during the 3rd quarter valued at $484,000.

PGIM Floating Rate Income ETF Company Profile

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.