PGIM Active Aggregate Bond ETF (NYSEARCA:PAB – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,758 shares, a decrease of 57.0% from the June 30th total of 6,410 shares. Based on an average trading volume of 8,482 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
PGIM Active Aggregate Bond ETF Stock Performance
Shares of NYSEARCA:PAB opened at $41.64 on Monday. PGIM Active Aggregate Bond ETF has a 52 week low of $41.23 and a 52 week high of $43.55. The firm’s fifty day moving average is $42.03 and its 200-day moving average is $42.45.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of PGIM Active Aggregate Bond ETF in the 4th quarter valued at about $25,000. Flow Traders U.S. LLC acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the third quarter valued at about $246,000. Osaic Holdings Inc. raised its position in shares of PGIM Active Aggregate Bond ETF by 280.9% during the fourth quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after acquiring an additional 6,691 shares during the last quarter. Evergreen Wealth Partners LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the fourth quarter worth about $504,000. Finally, Jane Street Group LLC lifted its stake 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 worth $1,037,000 after acquiring an additional 9,464 shares during the period.
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.
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