Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Large Growth in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 107,487 shares, a growth of 56.3% from the August 15th total of 68,785 shares. Based on an average trading volume of 70,233 shares, the short-interest ratio is currently 1.5 days. Currently, 1.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSQA. Endeavor Private Wealth Inc. raised its position in Palmer Square CLO Senior Debt ETF by 13.5% during the fourth quarter. Endeavor Private Wealth Inc. now owns 11,255 shares of the company’s stock worth $229,000 after acquiring an additional 1,336 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Palmer Square CLO Senior Debt ETF in the 1st quarter valued at about $30,000. Ignite Planners LLC grew its position in shares of Palmer Square CLO Senior Debt ETF by 4.1% in the 4th quarter. Ignite Planners LLC now owns 276,526 shares of the company’s stock valued at $5,660,000 after acquiring an additional 10,931 shares during the period. Bull Harbor Capital LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF in the 1st quarter valued at about $422,000. Finally, Canvas Wealth Advisors LLC acquired a new position in shares of Palmer Square CLO Senior Debt ETF during the 1st quarter worth about $944,000.

Palmer Square CLO Senior Debt ETF Price Performance

Shares of NYSEARCA PSQA opened at $20.84 on Friday. The stock has a 50 day moving average price of $20.64 and a 200 day moving average price of $20.58. Palmer Square CLO Senior Debt ETF has a 52 week low of $19.90 and a 52 week high of $21.09.

Palmer Square CLO Senior Debt ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.1979 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.18.

About Palmer Square CLO Senior Debt ETF

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.