PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Sees Large Increase in Short Interest

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 4,810 shares, a growth of 354.2% from the March 31st total of 1,059 shares. Based on an average daily volume of 9,929 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAB. Northwestern Mutual Wealth Management Co. bought a new position in shares of PGIM Active Aggregate Bond ETF during the 4th quarter valued at approximately $25,000. Flow Traders U.S. LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the 3rd quarter valued at approximately $246,000. Osaic Holdings Inc. grew its stake in shares of PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock valued at $388,000 after acquiring an additional 6,691 shares during the period. Evergreen Wealth Partners LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the 4th quarter valued at approximately $504,000. Finally, Jane Street Group LLC grew its stake in shares of PGIM Active Aggregate Bond ETF by 63.0% during the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after acquiring an additional 9,464 shares during the period.

PGIM Active Aggregate Bond ETF Price Performance

NYSEARCA PAB opened at $42.58 on Monday. PGIM Active Aggregate Bond ETF has a 52 week low of $41.42 and a 52 week high of $43.55. The company has a 50-day moving average price of $42.68 and a 200-day moving average price of $42.86.

PGIM Active Aggregate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1469 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.