PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 49,626 shares, a decrease of 33.5% from the February 26th total of 74,674 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 169,690 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Several institutional investors have recently bought and sold shares of PHYL. State of New Jersey Common Pension Fund D boosted its stake in shares of PGIM Active High Yield Bond ETF by 64.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,725,000 shares of the company’s stock worth $61,203,000 after purchasing an additional 675,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PGIM Active High Yield Bond ETF by 32.5% during the third quarter. Envestnet Asset Management Inc. now owns 902,039 shares of the company’s stock valued at $32,248,000 after purchasing an additional 221,242 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of PGIM Active High Yield Bond ETF by 50.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 564,884 shares of the company’s stock valued at $20,042,000 after purchasing an additional 188,684 shares during the period. LPL Financial LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 15.6% in the fourth quarter. LPL Financial LLC now owns 422,949 shares of the company’s stock worth $15,006,000 after purchasing an additional 56,969 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of PGIM Active High Yield Bond ETF by 538.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 376,538 shares of the company’s stock worth $13,362,000 after purchasing an additional 317,591 shares during the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL traded down $0.10 during trading on Friday, hitting $34.53. The company’s stock had a trading volume of 180,834 shares, compared to its average volume of 272,858. PGIM Active High Yield Bond ETF has a 12 month low of $32.98 and a 12 month high of $35.83. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 2.48 and a beta of 0.40. The company has a 50-day moving average of $35.36 and a 200-day moving average of $35.47.

PGIM Active High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1854 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Monday, March 2nd.

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.