PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Down 55.3% in May

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,546 shares, a decline of 55.3% from the May 14th total of 16,890 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 27,076 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PGIM Short Duration High Yield ETF

Institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the 4th quarter valued at about $57,000. IAG Wealth Partners LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the 1st quarter valued at about $113,000. Farther Finance Advisors LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the 4th quarter valued at about $137,000. Parallel Advisors LLC lifted its holdings in shares of PGIM Short Duration High Yield ETF by 296.1% during the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after buying an additional 2,999 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of PGIM Short Duration High Yield ETF by 54.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock valued at $1,927,000 after buying an additional 13,425 shares during the last quarter.

PGIM Short Duration High Yield ETF Trading Up 0.1%

Shares of PGIM Short Duration High Yield ETF stock opened at $50.01 on Friday. PGIM Short Duration High Yield ETF has a 52-week low of $49.44 and a 52-week high of $51.51. The stock has a 50-day simple moving average of $50.04 and a 200-day simple moving average of $50.23.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.