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

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 102,968 shares, an increase of 89.0% from the June 15th total of 54,494 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 34,293 shares, the days-to-cover ratio is presently 3.0 days.

Palmer Square Credit Opportunities ETF Stock Performance

Palmer Square Credit Opportunities ETF stock traded up $0.04 during mid-day trading on Thursday, hitting $20.75. The company’s stock had a trading volume of 82,841 shares, compared to its average volume of 79,216. The business has a 50 day moving average price of $20.76 and a 200-day moving average price of $20.69. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $21.03.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atwood & Palmer Inc. boosted its holdings in Palmer Square Credit Opportunities ETF by 1.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 2,048,978 shares of the company’s stock valued at $42,352,000 after acquiring an additional 29,739 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in Palmer Square Credit Opportunities ETF in the 2nd quarter worth approximately $202,000. FAS Wealth Partners Inc. boosted its stake 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 valued at $56,000 after purchasing an additional 1,899 shares during the period. Mariner LLC boosted its stake in shares of Palmer Square Credit Opportunities ETF by 234.4% during the fourth quarter. Mariner LLC now owns 878,699 shares of the company’s stock valued at $18,122,000 after purchasing an additional 615,942 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Palmer Square Credit Opportunities ETF in the fourth quarter worth approximately $629,000.

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.