Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Stock Short Interest Falls 93.2%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,907 shares, a drop of 93.2% from the September 30th total of 102,021 shares. Based on an average daily trading volume, of 46,199 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Endeavor Private Wealth Inc. grew its stake in shares of Palmer Square Credit Opportunities ETF by 20.1% during the second quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock valued at $338,000 after acquiring an additional 2,734 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the second quarter worth about $202,000. Atwood & Palmer Inc. lifted its stake in shares of Palmer Square Credit Opportunities ETF by 1.5% in the second quarter. Atwood & Palmer Inc. now owns 2,048,978 shares of the company’s stock worth $42,352,000 after acquiring an additional 29,739 shares in the last quarter. Wavvest Wealth LLC acquired a new position in shares of Palmer Square Credit Opportunities ETF in the third quarter worth about $714,000. Finally, Lake Street Private Wealth LLC boosted its holdings in Palmer Square Credit Opportunities ETF by 7.4% in the third quarter. Lake Street Private Wealth LLC now owns 718,580 shares of the company’s stock valued at $14,774,000 after purchasing an additional 49,575 shares during the last quarter.

Palmer Square Credit Opportunities ETF Stock Up 0.2%

NYSEARCA:PSQO traded up $0.05 during mid-day trading on Monday, reaching $20.63. The company’s stock had a trading volume of 14,192 shares, compared to its average volume of 73,887. The company’s fifty day simple moving average is $20.72 and its two-hundred day simple moving average is $20.71. Palmer Square Credit Opportunities ETF has a twelve month low of $19.76 and a twelve month high of $21.53.

Palmer Square Credit Opportunities ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Thursday, September 24th. This is an increase from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409.

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.