PGIM Floating Rate Income ETF (NYSEARCA:PFRL – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,002 shares, a decrease of 77.5% from the October 15th total of 17,796 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 26,824 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of PGIM Floating Rate Income ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Moody National Bank Trust Division purchased a new position in shares of PGIM Floating Rate Income ETF in the third quarter worth $6,996,000. Oppenheimer & Co. Inc. bought a new stake in shares of PGIM Floating Rate Income ETF in the third quarter worth about $1,067,000. Kestra Advisory Services LLC lifted its position in shares of PGIM Floating Rate Income ETF by 213.9% in the first quarter. Kestra Advisory Services LLC now owns 21,051 shares of the company’s stock worth $1,025,000 after buying an additional 14,345 shares in the last quarter. Focus Financial Network Inc. bought a new position in PGIM Floating Rate Income ETF during the second quarter valued at approximately $693,000. Finally, Tactive Advisors LLC boosted its stake in PGIM Floating Rate Income ETF by 77.5% during the third quarter. Tactive Advisors LLC now owns 14,661 shares of the company’s stock valued at $726,000 after buying an additional 6,399 shares during the last quarter.
PGIM Floating Rate Income ETF Stock Performance
PFRL opened at $49.36 on Thursday. PGIM Floating Rate Income ETF has a 52 week low of $48.60 and a 52 week high of $50.20. The business has a 50 day moving average of $49.50 and a 200-day moving average of $49.42.
PGIM Floating Rate Income ETF Company Profile
The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.
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