PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Up 354.2% in April
by Teresa Graham · The Cerbat GemPGIM Active Aggregate Bond ETF (NYSEARCA:PAB – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,810 shares, an increase of 354.2% from the March 31st total of 1,059 shares. Based on an average trading volume of 9,929 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.
Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF
Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in PGIM Active Aggregate Bond ETF in the fourth quarter worth about $25,000. Flow Traders U.S. LLC acquired a new position in PGIM Active Aggregate Bond ETF in the third quarter worth about $246,000. Osaic Holdings Inc. grew its stake in PGIM Active Aggregate Bond ETF by 280.9% in the fourth quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after purchasing an additional 6,691 shares in the last quarter. Evergreen Wealth Partners LLC acquired a new position in PGIM Active Aggregate Bond ETF in the fourth quarter worth about $504,000. Finally, Jane Street Group LLC grew its stake in 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 purchasing an additional 9,464 shares in the last quarter.
PGIM Active Aggregate Bond ETF Stock Up 0.1%
Shares of NYSEARCA PAB traded up $0.05 during midday trading on Friday, reaching $42.58. 4,915 shares of the company’s stock were exchanged, compared to its average volume of 16,272. PGIM Active Aggregate Bond ETF has a 52-week low of $41.42 and a 52-week high of $43.55. The business’s fifty day moving average price is $42.68 and its two-hundred day moving average price is $42.86.
PGIM Active Aggregate Bond ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1469 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.
PGIM Active Aggregate Bond ETF Company Profile
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.