Short Interest in PGIM Short Duration High Yield ETF (BATS:PSH) Declines By 37.5%

PGIM Short Duration High Yield ETF (BATS:PSH) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 16,063 shares, a drop of 37.5% from the June 30th total of 25,696 shares. Based on an average trading volume of 38,609 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.6% of the shares of the stock are short sold.

Institutional Trading of PGIM Short Duration High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PSH. Flagship Harbor Advisors LLC purchased a new stake in shares of PGIM Short Duration High Yield ETF in the fourth quarter worth about $57,000. Farther Finance Advisors LLC purchased a new stake in shares of PGIM Short Duration High Yield ETF during the 4th quarter valued at about $137,000. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 2,731 shares in the last quarter. Parallel Advisors LLC lifted its position in 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 acquiring an additional 2,999 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in PGIM Short Duration High Yield ETF by 54.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock worth $1,927,000 after acquiring an additional 13,425 shares during the period.

PGIM Short Duration High Yield ETF Stock Performance

BATS:PSH opened at $49.86 on Friday. PGIM Short Duration High Yield ETF has a 12-month low of $49.44 and a 12-month high of $51.51. The company’s 50-day moving average is $49.94 and its two-hundred day moving average is $50.10.

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.