Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Large Growth in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 74,129 shares, a growth of 154.6% from the July 15th total of 29,118 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 150,184 shares, the days-to-cover ratio is currently 0.5 days.

Palmer Square CLO Senior Debt ETF Stock Performance

NYSEARCA PSQA opened at $20.63 on Friday. Palmer Square CLO Senior Debt ETF has a twelve month low of $19.90 and a twelve month high of $20.92. The firm’s 50 day moving average price is $20.56 and its two-hundred day moving average price is $20.55.

Institutional Investors Weigh In On Palmer Square CLO Senior Debt ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC raised its holdings in Palmer Square CLO Senior Debt ETF by 244.0% in the 4th quarter. Mariner LLC now owns 1,220,405 shares of the company’s stock worth $24,860,000 after acquiring an additional 865,657 shares during the period. AE Wealth Management LLC bought a new stake in Palmer Square CLO Senior Debt ETF during the fourth quarter worth about $4,817,000. FAS Wealth Partners Inc. grew its holdings in shares of Palmer Square CLO Senior Debt ETF by 473.7% during the first quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock worth $2,234,000 after purchasing an additional 90,237 shares during the last quarter. Canvas Wealth Advisors LLC bought a new position in Palmer Square CLO Senior Debt ETF in the 1st quarter worth approximately $944,000. Finally, Susquehanna International Group LLP bought a new stake in Palmer Square CLO Senior Debt ETF during the 3rd quarter worth about $795,000.

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.