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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 42,873 shares, a decrease of 35.0% from the January 29th total of 65,908 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 208,047 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 208,047 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

PGIM Active High Yield Bond ETF Stock Down 0.1%

Shares of PGIM Active High Yield Bond ETF stock traded down $0.02 during trading on Friday, hitting $35.60. 183,227 shares of the company were exchanged, compared to its average volume of 334,185. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.83. The firm has a 50 day moving average price of $35.61 and a 200 day moving average price of $35.55. The stock has a market capitalization of $918.48 million, a price-to-earnings ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.2058 dividend. This is an increase from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inspire Advisors LLC grew its stake in PGIM Active High Yield Bond ETF by 13.1% in the 3rd quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock worth $11,463,000 after acquiring an additional 37,113 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of PGIM Active High Yield Bond ETF by 32.4% in the second quarter. J.W. Cole Advisors Inc. now owns 26,853 shares of the company’s stock valued at $953,000 after purchasing an additional 6,571 shares during the period. Advisory Resource Group increased its stake in PGIM Active High Yield Bond ETF by 6.2% in the second quarter. Advisory Resource Group now owns 122,821 shares of the company’s stock valued at $4,359,000 after purchasing an additional 7,135 shares during the last quarter. Prudential Financial Inc. lifted its position in PGIM Active High Yield Bond ETF by 32.9% during the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock worth $66,656,000 after buying an additional 469,822 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in PGIM Active High Yield Bond ETF during the second quarter worth about $783,000.

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.