Pgim Aaa Clo Etf (NYSEARCA:PAAA – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 908,293 shares, a drop of 51.1% from the September 15th total of 1,858,841 shares. Based on an average trading volume of 3,422,889 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.
Pgim Aaa Clo Etf Stock Performance
PAAA remained flat at $51.39 during midday trading on Wednesday. 2,113,084 shares of the company’s stock were exchanged, compared to its average volume of 2,217,195. The company’s fifty day moving average price is $51.40 and its 200-day moving average price is $51.38. Pgim Aaa Clo Etf has a one year low of $51.16 and a one year high of $51.54.
Hedge Funds Weigh In On Pgim Aaa Clo Etf
Several hedge funds have recently bought and sold shares of PAAA. Bank of America Corp DE increased its stake in Pgim Aaa Clo Etf by 19.6% in the first quarter. Bank of America Corp DE now owns 8,248,399 shares of the company’s stock valued at $422,153,000 after purchasing an additional 1,352,768 shares during the last quarter. Sei Investments Co. acquired a new stake in Pgim Aaa Clo Etf in the 1st quarter worth about $311,627,000. Royal Bank of Canada boosted its stake in Pgim Aaa Clo Etf by 1,170.7% in the 1st quarter. Royal Bank of Canada now owns 3,868,028 shares of the company’s stock worth $197,966,000 after buying an additional 3,563,618 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Pgim Aaa Clo Etf by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,682,303 shares of the company’s stock valued at $86,252,000 after buying an additional 267,180 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Pgim Aaa Clo Etf by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,203,448 shares of the company’s stock valued at $61,592,000 after buying an additional 271,557 shares during the period.
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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