Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Declines By 65.7%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 60,997 shares, a drop of 65.7% from the July 30th total of 177,690 shares. Based on an average daily volume of 125,422 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

PGIM Active High Yield Bond ETF Trading Down 0.3%

Shares of PHYL traded down $0.10 on Friday, reaching $34.78. The company’s stock had a trading volume of 91,640 shares, compared to its average volume of 200,962. The firm has a fifty day moving average of $34.86 and a 200-day moving average of $35.04. PGIM Active High Yield Bond ETF has a twelve month low of $34.44 and a twelve month high of $35.83. The stock has a market capitalization of $1.32 billion, a PE ratio of 2.48 and a beta of 0.39.

Institutional Trading of PGIM Active High Yield Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after buying an additional 622 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of PGIM Active High Yield Bond ETF during the first quarter valued at about $139,000. Finally, Global Retirement Partners LLC raised its position in PGIM Active High Yield Bond ETF by 7.3% during the 4th quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after purchasing an additional 305 shares during the last quarter.

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.