Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Declines By 18.9%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 108,000 shares, a decrease of 18.9% from the December 15th total of 133,185 shares. Based on an average daily volume of 821,537 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 821,537 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. MRA Advisory Group acquired a new position in PGIM Active High Yield Bond ETF in the fourth quarter worth $1,246,000. Earned Wealth Advisors LLC grew its holdings in PGIM Active High Yield Bond ETF by 31.5% during the 4th quarter. Earned Wealth Advisors LLC now owns 86,113 shares of the company’s stock worth $3,055,000 after acquiring an additional 20,643 shares during the last quarter. Victory Financial Group LLC increased its position in PGIM Active High Yield Bond ETF by 78.7% in the 4th quarter. Victory Financial Group LLC now owns 25,148 shares of the company’s stock valued at $892,000 after acquiring an additional 11,076 shares in the last quarter. InTrack Investment Management Inc increased its position in PGIM Active High Yield Bond ETF by 29.1% in the 4th quarter. InTrack Investment Management Inc now owns 37,520 shares of the company’s stock valued at $1,331,000 after acquiring an additional 8,461 shares in the last quarter. Finally, Petros Family Wealth LLC bought a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth about $661,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA:PHYL traded up $0.04 on Monday, hitting $35.71. The stock had a trading volume of 108,829 shares, compared to its average volume of 711,772. The firm’s 50 day moving average price is $35.48 and its 200-day moving average price is $35.49. PGIM Active High Yield Bond ETF has a twelve month low of $32.98 and a twelve month high of $35.83. The company has a market capitalization of $921.32 million, a price-to-earnings ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Company Profile

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.