PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Significant Drop in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 60,997 shares, a decline of 65.7% from the July 30th total of 177,690 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 125,422 shares, the short-interest ratio is presently 0.5 days.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA PHYL opened at $34.78 on Friday. The firm’s 50 day moving average price is $34.85 and its 200-day moving average price is $35.03. PGIM Active High Yield Bond ETF has a 52-week low of $34.44 and a 52-week high of $35.83. The company has a market cap of $1.32 billion, a PE ratio of 2.48 and a beta of 0.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC grew its position in shares of PGIM Active High Yield Bond ETF by 3.2% during the first quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock worth $330,000 after purchasing an additional 296 shares in the last quarter. Global Retirement Partners LLC grew its holdings in PGIM Active High Yield Bond ETF by 7.3% during the 4th quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after buying an additional 305 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in PGIM Active High Yield Bond ETF by 4.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,062 shares of the company’s stock valued at $499,000 after buying an additional 592 shares in the last quarter. Symphony Financial Services Inc. raised its position in shares of PGIM Active High Yield Bond ETF by 8.5% during the first quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock valued at $268,000 after buying an additional 603 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of PGIM Active High Yield Bond ETF by 6.9% in the third quarter. PFG Advisors now owns 9,368 shares of the company’s stock worth $335,000 after buying an additional 608 shares in the last quarter.

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.