Pgim Aaa Clo Etf (NYSEARCA:PAAA) Sees Significant Growth in Short Interest

Pgim Aaa Clo Etf (NYSEARCA:PAAA) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 667,317 shares, a growth of 119.7% from the June 15th total of 303,690 shares. Based on an average trading volume of 2,379,818 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Pgim Aaa Clo Etf

Several hedge funds have recently modified their holdings of PAAA. Richards Merrill & Peterson Inc. purchased a new position in Pgim Aaa Clo Etf in the 1st quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in Pgim Aaa Clo Etf during the first quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in Pgim Aaa Clo Etf during the fourth quarter valued at about $37,000. Anchor Investment Management LLC acquired a new position in shares of Pgim Aaa Clo Etf in the first quarter worth about $51,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Pgim Aaa Clo Etf in the second quarter worth about $69,000.

Pgim Aaa Clo Etf Price Performance

PAAA opened at $51.38 on Friday. The business has a fifty day simple moving average of $51.39 and a 200-day simple moving average of $51.37. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two week high of $51.54.

Pgim Aaa Clo Etf Company Profile

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. PAAA was launched on Jul 19, 2023 and is issued by PGIM.