Short Interest in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Expands By 129.4%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 72,930 shares, a growth of 129.4% from the April 30th total of 31,798 shares. Based on an average daily trading volume, of 54,930 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the company’s stock are sold short.

Palmer Square Credit Opportunities ETF Stock Performance

PSQO stock traded up $0.01 during midday trading on Friday, hitting $20.81. The company’s stock had a trading volume of 54,786 shares, compared to its average volume of 90,461. Palmer Square Credit Opportunities ETF has a 52-week low of $19.76 and a 52-week high of $21.03. The firm has a 50-day simple moving average of $20.68 and a 200-day simple moving average of $20.70.

Hedge Funds Weigh In On Palmer Square Credit Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSQO. Jane Street Group LLC purchased a new position in Palmer Square Credit Opportunities ETF in the 2nd quarter valued at approximately $402,000. Savvy Advisors Inc. increased its stake in shares of Palmer Square Credit Opportunities ETF by 419.6% during the third quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock worth $1,071,000 after buying an additional 41,973 shares during the period. Providence Financial Advisors LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the third quarter worth approximately $283,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the third quarter worth approximately $601,000. Finally, Lake Street Private Wealth LLC increased its stake in shares of Palmer Square Credit Opportunities ETF by 15.1% during the third quarter. Lake Street Private Wealth LLC now owns 494,976 shares of the company’s stock worth $10,197,000 after buying an additional 64,917 shares during the period.

Palmer Square Credit Opportunities ETF Company Profile

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.