PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Up 241.2% in June

PGIM Short Duration High Yield ETF (BATS:PSH) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 25,696 shares, a growth of 241.2% from the June 15th total of 7,532 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 20,161 shares, the short-interest ratio is presently 1.3 days.

PGIM Short Duration High Yield ETF Stock Performance

Shares of BATS:PSH opened at $49.86 on Wednesday. The business has a fifty day moving average of $49.97 and a two-hundred day moving average of $50.16. PGIM Short Duration High Yield ETF has a 52-week low of $49.44 and a 52-week high of $51.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSH. Flagship Harbor Advisors LLC acquired a new stake in PGIM Short Duration High Yield ETF during the fourth quarter worth about $57,000. IAG Wealth Partners LLC purchased a new position in PGIM Short Duration High Yield ETF during the first quarter worth about $113,000. Farther Finance Advisors LLC acquired a new position in PGIM Short Duration High Yield ETF in the 4th quarter valued at about $137,000. Parallel Advisors LLC boosted its holdings in PGIM Short Duration High Yield ETF by 296.1% in the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after purchasing an additional 2,999 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of 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 valued at $1,927,000 after buying an additional 13,425 shares during the period.

PGIM Short Duration High Yield ETF Company Profile

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.