PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Shares Shorted: Short Interest Up 2,111.0% in October

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 16,693 shares, an increase of 2,111.0% from the October 15th total of 755 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 10,935 shares, the short-interest ratio is currently 1.5 days.

PGIM Active Aggregate Bond ETF Stock Performance

Shares of PAB traded down $0.28 on Tuesday, reaching $40.94. 7,148 shares of the company’s stock traded hands, compared to its average volume of 19,938. The stock’s 50 day simple moving average is $40.82 and its two-hundred day simple moving average is $41.91. PGIM Active Aggregate Bond ETF has a 52-week low of $40.05 and a 52-week high of $43.55.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A hedge fund recently bought a new stake in PGIM Active Aggregate Bond ETF stock. KWB Wealth purchased a new position in PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 429,144 shares of the company’s stock, valued at approximately $17,230,000. PGIM Active Aggregate Bond ETF comprises about 1.5% of KWB Wealth’s holdings, making the stock its 13th biggest position. KWB Wealth owned 17.73% of PGIM Active Aggregate Bond ETF at the end of the most recent quarter.

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.