PGIM Total Return Bond ETF (NYSEARCA:PTRB) Short Interest Up 219.5% in August

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 65,729 shares, an increase of 219.5% from the July 30th total of 20,570 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 169,441 shares, the days-to-cover ratio is presently 0.4 days.

PGIM Total Return Bond ETF Price Performance

Shares of NYSEARCA PTRB traded down $0.01 during midday trading on Thursday, hitting $41.08. 41,146 shares of the company’s stock were exchanged, compared to its average volume of 149,410. The firm’s fifty day simple moving average is $41.18 and its 200-day simple moving average is $41.57. PGIM Total Return Bond ETF has a twelve month low of $40.67 and a twelve month high of $42.78.

Institutional Trading of PGIM Total Return Bond ETF

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in shares of PGIM Total Return Bond ETF in the 1st quarter valued at $27,000. Everest Financial Group LLC acquired a new position in PGIM Total Return Bond ETF in the first quarter valued at $226,000. MML Investors Services LLC purchased a new position in shares of PGIM Total Return Bond ETF during the fourth quarter worth about $233,000. GWN Securities Inc. purchased a new position in shares of PGIM Total Return Bond ETF during the fourth quarter worth about $250,000. Finally, Cora Capital Advisors LLC increased its position in shares of PGIM Total Return Bond ETF by 5.5% during the first quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after purchasing an additional 345 shares in the last quarter.

About PGIM Total Return Bond ETF

The PGIM Total Return Bond ETF (PTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks total return from an actively managed, core portfolio of global investment-grade and high-yield fixed income securities with a maturity of greater than one year. PTRB was launched on Dec 8, 2021 and is managed by PGIM.