PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Up 230.2% in April

PGIM Short Duration High Yield ETF (BATS:PSH) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 16,857 shares, a growth of 230.2% from the April 15th total of 5,105 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,125 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PSH. Flagship Harbor Advisors LLC acquired a new stake in PGIM Short Duration High Yield ETF in the fourth quarter worth about $57,000. IAG Wealth Partners LLC acquired a new position in shares of PGIM Short Duration High Yield ETF during the 1st quarter worth about $113,000. Farther Finance Advisors LLC acquired a new position in shares of PGIM Short Duration High Yield ETF during the 4th quarter worth about $137,000. EverSource Wealth Advisors LLC grew its position in shares of PGIM Short Duration High Yield ETF by 2.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 119,412 shares of the company’s stock worth $6,014,000 after buying an additional 2,731 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of PGIM Short Duration High Yield ETF by 296.1% during the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock worth $202,000 after buying an additional 2,999 shares during the period.

PGIM Short Duration High Yield ETF Stock Down 0.2%

PSH stock opened at $49.95 on Friday. The firm has a 50-day moving average of $50.01 and a two-hundred day moving average of $50.30. PGIM Short Duration High Yield ETF has a one year low of $49.44 and a one year high of $51.51.

About PGIM Short Duration High Yield ETF

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.