PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 74,674 shares, an increase of 74.2% from the February 12th total of 42,873 shares. Based on an average daily volume of 200,717 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 200,717 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Keenan LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth $2,114,000. EP Wealth Advisors LLC bought a new stake in PGIM Active High Yield Bond ETF during the fourth quarter valued at $233,000. Claro Advisors Inc. grew its position in PGIM Active High Yield Bond ETF by 25.0% during the fourth quarter. Claro Advisors Inc. now owns 21,861 shares of the company’s stock worth $776,000 after buying an additional 4,374 shares in the last quarter. Cetera Investment Advisers purchased a new position in PGIM Active High Yield Bond ETF during the fourth quarter worth about $6,509,000. Finally, Hilltop Holdings Inc. increased its stake in PGIM Active High Yield Bond ETF by 16.2% in the 4th quarter. Hilltop Holdings Inc. now owns 11,095 shares of the company’s stock worth $394,000 after acquiring an additional 1,543 shares during the last quarter.

PGIM Active High Yield Bond ETF Stock Down 0.3%

Shares of PHYL opened at $34.77 on Friday. The business’s 50-day moving average price is $35.53 and its 200-day moving average price is $35.52. PGIM Active High Yield Bond ETF has a twelve month low of $32.98 and a twelve month high of $35.83. The stock has a market cap of $1.24 billion, a PE ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1854 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.