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

by · The Markets Daily

Pgim Aaa Clo Etf (NYSEARCA:PAAA – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 1,858,841 shares, an increase of 296.1% from the August 31st total of 469,325 shares. Based on an average daily trading volume, of 2,203,491 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Pgim Aaa Clo Etf by 19.6% during the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock worth $422,153,000 after purchasing an additional 1,352,768 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Pgim Aaa Clo Etf during the 1st quarter valued at about $311,627,000. LPL Financial LLC raised its holdings in shares of Pgim Aaa Clo Etf by 39.9% during the 4th quarter. LPL Financial LLC now owns 4,035,122 shares of the company’s stock valued at $206,840,000 after buying an additional 1,151,352 shares in the last quarter. Royal Bank of Canada lifted its position in Pgim Aaa Clo Etf by 1,170.7% in the 1st quarter. Royal Bank of Canada now owns 3,868,028 shares of the company’s stock worth $197,966,000 after buying an additional 3,563,618 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Pgim Aaa Clo Etf by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,682,303 shares of the company’s stock worth $86,252,000 after buying an additional 267,180 shares during the last quarter.

Pgim Aaa Clo Etf Price Performance

Shares of NYSEARCA:PAAA traded up $0.01 during trading on Friday, reaching $51.52. The company had a trading volume of 1,599,294 shares, compared to its average volume of 2,132,614. The company has a fifty day moving average of $51.41 and a two-hundred day moving average of $51.37. Pgim Aaa Clo Etf has a 12 month low of $51.16 and a 12 month high of $51.54.

About Pgim Aaa Clo Etf

(Get Free Report)

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.

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