PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Up 81.3% in July

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 20,285 shares, a growth of 81.3% from the July 15th total of 11,186 shares. Based on an average daily trading volume, of 34,222 shares, the short-interest ratio is presently 0.6 days. Approximately 1.3% of the shares of the company are short sold.

PGIM Short Duration Multi-Sector Bond ETF Trading Up 0.0%

PSDM stock opened at $50.95 on Friday. PGIM Short Duration Multi-Sector Bond ETF has a 1-year low of $50.61 and a 1-year high of $52.03. The business’s 50 day moving average is $50.93 and its 200-day moving average is $51.16.

Institutional Investors Weigh In On PGIM Short Duration Multi-Sector Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Steel Grove Capital Advisors LLC lifted its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock valued at $3,542,000 after purchasing an additional 29,778 shares during the period. Team Financial Group LLC grew its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 5.4% during the first quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock worth $10,224,000 after purchasing an additional 10,216 shares during the period. Ascentis Independent Advisors acquired a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter valued at about $398,000. Sound Income Strategies LLC acquired a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter valued at about $83,000. Finally, Thoroughbred Financial Services LLC boosted its holdings in PGIM Short Duration Multi-Sector Bond ETF by 149.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock worth $599,000 after buying an additional 6,972 shares during the last quarter.

PGIM Short Duration Multi-Sector Bond ETF Company Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.