Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Drops By 57.0%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 11,042 shares, a drop of 57.0% from the February 26th total of 25,686 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,107 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Several hedge funds have recently bought and sold shares of PSQA. Mariner LLC raised its holdings in shares of Palmer Square CLO Senior Debt ETF by 244.0% in the fourth quarter. Mariner LLC now owns 1,220,405 shares of the company’s stock worth $24,860,000 after acquiring an additional 865,657 shares during the last quarter. Ignite Planners LLC raised its stake in Palmer Square CLO Senior Debt ETF by 4.1% in the 4th quarter. Ignite Planners LLC now owns 276,526 shares of the company’s stock valued at $5,660,000 after purchasing an additional 10,931 shares during the last quarter. AE Wealth Management LLC purchased a new position in Palmer Square CLO Senior Debt ETF in the 4th quarter valued at about $4,817,000. Providence Financial Advisors LLC purchased a new stake in shares of Palmer Square CLO Senior Debt ETF during the third quarter worth about $3,611,000. Finally, Firethorn Wealth Partners LLC raised its position in shares of Palmer Square CLO Senior Debt ETF by 12.8% in the fourth quarter. Firethorn Wealth Partners LLC now owns 176,078 shares of the company’s stock valued at $3,587,000 after buying an additional 19,990 shares during the last quarter.

Palmer Square CLO Senior Debt ETF Price Performance

PSQA opened at $20.37 on Thursday. The stock’s 50-day moving average price is $20.51 and its 200 day moving average price is $20.47. Palmer Square CLO Senior Debt ETF has a 12-month low of $20.05 and a 12-month high of $20.68.

Palmer Square CLO Senior Debt ETF Company Profile

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.