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

by · The Cerbat Gem

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 7,205 shares, a growth of 191.8% from the November 30th total of 2,469 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 5,818 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 5,818 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new stake in PGIM Active Aggregate Bond ETF during the third quarter valued at about $246,000. Jane Street Group LLC increased its position in shares of PGIM Active Aggregate Bond ETF by 63.0% during the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after purchasing an additional 9,464 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of PGIM Active Aggregate Bond ETF by 423.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock valued at $1,779,000 after buying an additional 33,516 shares in the last quarter. Strategic Financial Partners Ltd. raised its holdings in shares of PGIM Active Aggregate Bond ETF by 211.2% during the 2nd quarter. Strategic Financial Partners Ltd. now owns 118,077 shares of the company’s stock valued at $5,018,000 after buying an additional 80,130 shares in the last quarter. Finally, Intrua Financial LLC lifted its position in PGIM Active Aggregate Bond ETF by 18.8% in the 3rd quarter. Intrua Financial LLC now owns 129,756 shares of the company’s stock worth $5,572,000 after buying an additional 20,537 shares during the last quarter.

PGIM Active Aggregate Bond ETF Price Performance

PAB stock traded up $0.01 during midday trading on Friday, reaching $43.00. The company had a trading volume of 11,934 shares, compared to its average volume of 11,229. The firm has a 50-day moving average price of $43.01 and a 200-day moving average price of $42.66. PGIM Active Aggregate Bond ETF has a 1 year low of $40.73 and a 1 year high of $43.41.

PGIM Active Aggregate Bond ETF Company Profile

(Get Free Report)

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.

See Also