PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Short Interest Update
by Amy Steele · The Cerbat GemPGIM Floating Rate Income ETF (NYSEARCA:PFRL – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 375 shares, a decline of 97.4% from the March 15th total of 14,526 shares. Based on an average daily volume of 9,783 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
PGIM Floating Rate Income ETF Stock Performance
PFRL traded up $0.07 on Friday, reaching $49.06. 3,118 shares of the company traded hands, compared to its average volume of 14,036. The stock’s 50 day moving average price is $49.07 and its 200-day moving average price is $49.53. PGIM Floating Rate Income ETF has a 52-week low of $48.29 and a 52-week high of $50.48.
PGIM Floating Rate Income ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.2255 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Monday, March 2nd.
Institutional Trading of PGIM Floating Rate Income ETF
Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. bought a new stake in PGIM Floating Rate Income ETF in the third quarter worth approximately $228,000. Tactive Advisors LLC bought a new stake in PGIM Floating Rate Income ETF in the second quarter worth approximately $285,000. Kestra Advisory Services LLC grew its position in PGIM Floating Rate Income ETF by 8.8% in the fourth quarter. Kestra Advisory Services LLC now owns 6,706 shares of the company’s stock worth $333,000 after acquiring an additional 540 shares in the last quarter. Inspire Advisors LLC grew its position in PGIM Floating Rate Income ETF by 2.9% in the third quarter. Inspire Advisors LLC now owns 7,250 shares of the company’s stock worth $363,000 after acquiring an additional 205 shares in the last quarter. Finally, Summit Financial LLC bought a new stake in PGIM Floating Rate Income ETF in the fourth quarter worth approximately $365,000.
About PGIM Floating Rate Income ETF
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.