PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,247 shares, a drop of 57.6% from the September 30th total of 12,370 shares. Based on an average trading volume of 99,179 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On PGIM Short Duration Multi-Sector Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Team Financial Group LLC raised its holdings in PGIM Short Duration Multi-Sector Bond ETF by 5.4% in 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 in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF during the first quarter valued at about $398,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF during the first quarter valued at about $83,000.
PGIM Short Duration Multi-Sector Bond ETF Price Performance
PSDM opened at $50.36 on Friday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $49.97 and a 12 month high of $51.77. The stock has a fifty day moving average price of $50.41 and a 200-day moving average price of $50.99.
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.
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