PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Decrease in Short Interest

PGIM Total Return Bond ETF (NYSEARCA:PTRB) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,957 shares, a drop of 78.8% from the August 15th total of 65,729 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 165,586 shares, the short-interest ratio is currently 0.1 days.

PGIM Total Return Bond ETF Stock Performance

NYSEARCA:PTRB opened at $40.38 on Friday. PGIM Total Return Bond ETF has a one year low of $40.30 and a one year high of $42.78. The firm has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $41.44.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in PGIM Total Return Bond ETF by 45.5% in the first quarter. Jane Street Group LLC now owns 39,390 shares of the company’s stock worth $1,644,000 after purchasing an additional 12,316 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of PGIM Total Return Bond ETF by 136.5% during the second quarter. Raymond James Financial Inc. now owns 351,079 shares of the company’s stock worth $14,686,000 after purchasing an additional 202,611 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of PGIM Total Return Bond ETF by 12.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 202,954 shares of the company’s stock valued at $8,490,000 after purchasing an additional 22,448 shares during the last quarter. Mariner LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the 3rd quarter valued at $2,494,000. Finally, Prosperity Financial Group Inc. boosted its position in shares of PGIM Total Return Bond ETF by 21.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 87,046 shares of the company’s stock worth $3,673,000 after purchasing an additional 15,465 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.