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

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,758 shares, a drop of 57.0% from the June 30th total of 6,410 shares. Based on an average daily volume of 8,482 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

PGIM Active Aggregate Bond ETF Stock Performance

NYSEARCA:PAB opened at $41.64 on Monday. PGIM Active Aggregate Bond ETF has a one year low of $41.23 and a one year high of $43.55. The firm’s fifty day moving average price is $42.03 and its two-hundred day moving average price is $42.45.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in shares of PGIM Active Aggregate Bond ETF by 15.8% during the 4th quarter. Larson Financial Group LLC now owns 689,207 shares of the company’s stock worth $29,464,000 after purchasing an additional 93,805 shares in the last quarter. Coign Capital Advisors LLC raised its stake in PGIM Active Aggregate Bond ETF by 7.4% in the fourth quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after purchasing an additional 11,912 shares in the last quarter. Intrua Financial LLC raised its stake in PGIM Active Aggregate Bond ETF by 16.9% in the fourth quarter. Intrua Financial LLC now owns 151,640 shares of the company’s stock valued at $6,483,000 after purchasing an additional 21,884 shares in the last quarter. Evergreen Wealth Partners LLC acquired a new position in PGIM Active Aggregate Bond ETF in the fourth quarter valued at about $504,000. Finally, LPL Financial LLC lifted its position in PGIM Active Aggregate Bond ETF by 107.0% during the fourth quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock worth $2,025,000 after purchasing an additional 24,477 shares during the period.

PGIM Active Aggregate Bond ETF Company Profile

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.