Pgim Aaa Clo Etf (NYSEARCA:PAAA) Shares Shorted: Short Interest Up 296.1% in September

Pgim Aaa Clo Etf (NYSEARCA:PAAA) was the target of a significant increase in short interest during the month of 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 2,203,491 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Pgim Aaa Clo Etf

Several institutional investors have recently modified their holdings of PAAA. Richards Merrill & Peterson Inc. bought a new stake in Pgim Aaa Clo Etf in the 1st quarter worth approximately $26,000. International Assets Investment Management LLC bought a new position in Pgim Aaa Clo Etf during the first quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in Pgim Aaa Clo Etf during the first quarter valued at approximately $51,000. Contravisory Investment Management Inc. purchased a new position in shares of Pgim Aaa Clo Etf during the second quarter worth approximately $69,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Pgim Aaa Clo Etf during the first quarter worth approximately $105,000.

Pgim Aaa Clo Etf Trading Up 0.0%

NYSEARCA PAAA traded up $0.02 during trading hours on Friday, reaching $51.52. 2,447,682 shares of the stock traded hands, compared to its average volume of 2,137,442. The stock has a 50 day simple moving average of $51.41 and a two-hundred day simple moving average of $51.38. Pgim Aaa Clo Etf has a 1 year low of $51.16 and a 1 year high of $51.54.

About Pgim Aaa Clo Etf

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.