Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Increases By 59.8%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 49,732 shares, a growth of 59.8% from the May 14th total of 31,129 shares. Based on an average trading volume of 204,953 shares, the short-interest ratio is presently 0.2 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Providence Financial Advisors LLC bought a new position in Palmer Square CLO Senior Debt ETF during the third quarter worth about $3,611,000. AE Wealth Management LLC purchased a new position in shares of Palmer Square CLO Senior Debt ETF in the fourth quarter worth about $4,817,000. Savvy Advisors Inc. bought a new stake in shares of Palmer Square CLO Senior Debt ETF in the fourth quarter valued at approximately $537,000. Bull Harbor Capital LLC purchased a new stake in shares of Palmer Square CLO Senior Debt ETF during the 1st quarter valued at approximately $422,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Palmer Square CLO Senior Debt ETF during the 1st quarter valued at approximately $30,000.

Palmer Square CLO Senior Debt ETF Trading Down 0.1%

Shares of NYSEARCA:PSQA traded down $0.03 during mid-day trading on Tuesday, reaching $20.63. The company had a trading volume of 20,436 shares, compared to its average volume of 68,373. Palmer Square CLO Senior Debt ETF has a one year low of $19.90 and a one year high of $20.92. The company’s 50-day moving average price is $20.58 and its 200-day moving average price is $20.52.

Palmer Square CLO Senior Debt ETF Company Profile

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.