The PGIM AAA CLO ETF (Symbol: PAAA) has experienced a significant inflow of approximately $293.7 million, reflecting a 5.0% week-over-week increase in outstanding units, rising from 115,150,000 to 120,875,000. This inflow highlights an active interest in the ETF amid changing market conditions.
Over the past year, PAAA has traded between $50.44 and $52.06 per share, with its latest price recorded at $51.31. This performance indicates its current positioning relative to its 200-day moving average, a key indicator for investors.
ETFs, like PAAA, function similarly to stocks but represent “units” that can be created or destroyed based on investor demand. The recent creation of new units often integrates the need to purchase the underlying holdings, impacting the ETF’s components significantly.
