PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Short Interest Update

by · The Cerbat Gem

PGIM Floating Rate Income ETF (NYSEARCA:PFRL – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 10,643 shares, a drop of 31.9% from the December 15th total of 15,631 shares. Based on an average daily volume of 14,164 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 14,164 shares, the days-to-cover ratio is currently 0.8 days.

PGIM Floating Rate Income ETF Stock Performance

Shares of NYSEARCA:PFRL traded up $0.04 during midday trading on Friday, hitting $49.79. 7,571 shares of the stock were exchanged, compared to its average volume of 22,543. The business’s 50-day moving average price is $49.76 and its 200 day moving average price is $49.95. PGIM Floating Rate Income ETF has a 12 month low of $45.19 and a 12 month high of $50.76.

Hedge Funds Weigh In On PGIM Floating Rate Income ETF

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new position in shares of PGIM Floating Rate Income ETF during the 3rd quarter worth about $228,000. Tactive Advisors LLC bought a new position in PGIM Floating Rate Income ETF in the second quarter worth approximately $285,000. Inspire Advisors LLC grew its stake 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 valued at $363,000 after acquiring an additional 205 shares during the period. TBH Global Asset Management LLC acquired a new stake in PGIM Floating Rate Income ETF in the third quarter valued at approximately $484,000. Finally, Mariner LLC increased its holdings in shares of PGIM Floating Rate Income ETF by 21.9% during the third quarter. Mariner LLC now owns 16,858 shares of the company’s stock valued at $845,000 after acquiring an additional 3,028 shares in the last quarter.

About PGIM Floating Rate Income ETF

(Get Free Report)

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.

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