PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Shares Shorted: Short Interest Up 181.8% in September

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 222,908 shares, an increase of 181.8% from the August 31st total of 79,090 shares. Based on an average daily volume of 200,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of PGIM Active High Yield Bond ETF

A number of institutional investors have recently bought and sold shares of PHYL. Envestnet Asset Management Inc. raised its position in shares of PGIM Active High Yield Bond ETF by 11.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,515,098 shares of the company’s stock worth $52,847,000 after acquiring an additional 155,091 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PGIM Active High Yield Bond ETF by 28.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 723,228 shares of the company’s stock worth $25,045,000 after buying an additional 158,344 shares during the last quarter. Capital Analysts LLC increased its position in PGIM Active High Yield Bond ETF by 14.5% during the second quarter. Capital Analysts LLC now owns 558,617 shares of the company’s stock worth $19,484,000 after buying an additional 70,954 shares during the period. Cetera Investment Advisers lifted its stake in PGIM Active High Yield Bond ETF by 105.9% in the first quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock valued at $13,080,000 after buying an additional 194,237 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in PGIM Active High Yield Bond ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 327,513 shares of the company’s stock valued at $11,342,000 after buying an additional 37,804 shares during the last quarter.

PGIM Active High Yield Bond ETF Trading Down 0.5%

PHYL traded down $0.15 during trading hours on Monday, hitting $33.80. 71,578 shares of the company’s stock were exchanged, compared to its average volume of 197,794. The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 12-month low of $33.74 and a 12-month high of $35.77. The firm has a 50 day moving average of $34.59 and a 200 day moving average of $34.86.

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.