Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Significant Increase in Short Interest

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 98,912 shares, an increase of 99.0% from the July 30th total of 49,716 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 65,079 shares, the days-to-cover ratio is presently 1.5 days.

Palmer Square Credit Opportunities ETF Price Performance

Shares of PSQO stock opened at $20.83 on Friday. Palmer Square Credit Opportunities ETF has a 12-month low of $19.76 and a 12-month high of $21.53. The firm has a fifty day moving average of $20.74 and a 200-day moving average of $20.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSQO. FAS Wealth Partners Inc. raised its position in shares of Palmer Square Credit Opportunities ETF by 226.3% during the fourth quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock worth $56,000 after purchasing an additional 1,899 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Palmer Square Credit Opportunities ETF in the 4th quarter valued at approximately $72,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Palmer Square Credit Opportunities ETF in the 2nd quarter valued at approximately $202,000. Endeavor Private Wealth Inc. increased its stake in Palmer Square Credit Opportunities ETF by 13.7% during the 4th quarter. Endeavor Private Wealth Inc. now owns 11,249 shares of the company’s stock worth $232,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Palmer Square Credit Opportunities ETF during the 2nd quarter worth approximately $402,000.

About Palmer Square Credit Opportunities ETF

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.