Pgim Aaa Clo Etf (NYSEARCA:PAAA – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 303,690 shares, a drop of 83.8% from the May 31st total of 1,876,942 shares. Based on an average trading volume of 1,724,160 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Trading of Pgim Aaa Clo Etf
Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Pgim Aaa Clo Etf by 71.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,224 shares of the company’s stock worth $319,000 after buying an additional 2,593 shares during the last quarter. Creative Planning acquired a new stake in shares of Pgim Aaa Clo Etf in the second quarter valued at approximately $218,000. Baird Financial Group Inc. acquired a new stake in shares of Pgim Aaa Clo Etf in the second quarter valued at approximately $967,000. Raymond James Financial Inc. grew its position in shares of Pgim Aaa Clo Etf by 30.9% during the second quarter. Raymond James Financial Inc. now owns 843,900 shares of the company’s stock worth $43,419,000 after acquiring an additional 199,218 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Pgim Aaa Clo Etf by 21.8% during the second quarter. Bank of America Corp DE now owns 5,219,399 shares of the company’s stock worth $268,538,000 after acquiring an additional 934,216 shares during the last quarter.
Pgim Aaa Clo Etf Price Performance
Shares of PAAA opened at $51.45 on Friday. Pgim Aaa Clo Etf has a 1-year low of $51.16 and a 1-year high of $51.54. The firm has a fifty day moving average price of $51.39 and a 200 day moving average price of $51.36.
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.
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