Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Drops By 47.7%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 70,260 shares, a decrease of 47.7% from the June 15th total of 134,298 shares. Based on an average daily volume of 126,364 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. KWB Wealth bought a new position in PGIM Active High Yield Bond ETF in the 2nd quarter valued at $744,000. Mendota Financial Group LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 198.4% during the 2nd quarter. Mendota Financial Group LLC now owns 28,016 shares of the company’s stock worth $977,000 after purchasing an additional 18,626 shares during the period. Sax Wealth Advisors LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 6.1% in the 2nd quarter. Sax Wealth Advisors LLC now owns 110,347 shares of the company’s stock worth $3,821,000 after buying an additional 6,331 shares during the last quarter. First Citizens Financial Corp boosted its holdings in shares of PGIM Active High Yield Bond ETF by 14.3% in the 2nd quarter. First Citizens Financial Corp now owns 73,581 shares of the company’s stock worth $2,567,000 after buying an additional 9,182 shares during the last quarter. Finally, Town Capital LLC bought a new position in PGIM Active High Yield Bond ETF during the first quarter valued at about $209,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PGIM Active High Yield Bond ETF stock traded down $0.05 during mid-day trading on Friday, hitting $34.90. 390,039 shares of the stock were exchanged, compared to its average volume of 202,324. PGIM Active High Yield Bond ETF has a 12 month low of $34.47 and a 12 month high of $35.83. The company has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $35.21. The company has a market capitalization of $1.33 billion, a P/E ratio of 2.48 and a beta of 0.39.

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.