Short Interest in PGIM Short Duration High Yield ETF (BATS:PSH) Grows By 241.2%

PGIM Short Duration High Yield ETF (BATS:PSH) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 25,696 shares, an increase of 241.2% from the June 15th total of 7,532 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 20,161 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of PGIM Short Duration High Yield ETF

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of PGIM Short Duration High Yield ETF by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock valued at $6,094,000 after buying an additional 3,471 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in PGIM Short Duration High Yield ETF in the first quarter valued at $113,000. Janney Montgomery Scott LLC boosted its stake in PGIM Short Duration High Yield ETF by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock valued at $2,308,000 after acquiring an additional 8,269 shares in the last quarter. Parallel Advisors LLC boosted its stake in PGIM Short Duration High Yield ETF by 296.1% in the fourth quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of PGIM Short Duration High Yield ETF during the fourth quarter worth about $137,000.

PGIM Short Duration High Yield ETF Stock Down 0.2%

Shares of PSH opened at $49.80 on Tuesday. 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 moving average price of $49.98 and a 200 day moving average price of $50.16.

About PGIM Short Duration High Yield ETF

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.