Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Shares Shorted: Short Interest Down 68.9% in October

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 24,536 shares, a decrease of 68.9% from the September 30th total of 78,861 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 138,232 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MGO One Seven LLC grew its position in Palmer Square CLO Senior Debt ETF by 10.4% in the third quarter. MGO One Seven LLC now owns 24,868 shares of the company’s stock worth $512,000 after acquiring an additional 2,347 shares in the last quarter. Partners Wealth Management LLC purchased a new stake in Palmer Square CLO Senior Debt ETF during the third quarter valued at approximately $580,000. Firethorn Wealth Partners LLC raised its position in Palmer Square CLO Senior Debt ETF by 5.8% during the third quarter. Firethorn Wealth Partners LLC now owns 204,914 shares of the company’s stock valued at $4,215,000 after purchasing an additional 11,262 shares during the period. Endeavor Private Wealth Inc. lifted its stake in shares of Palmer Square CLO Senior Debt ETF by 18.6% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 16,488 shares of the company’s stock valued at $337,000 after purchasing an additional 2,580 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake in shares of Palmer Square CLO Senior Debt ETF by 473.7% in the 1st quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock valued at $2,234,000 after purchasing an additional 90,237 shares during the last quarter.

Palmer Square CLO Senior Debt ETF Price Performance

PSQA stock traded down $0.01 during trading on Friday, hitting $20.66. 17,263 shares of the company’s stock traded hands, compared to its average volume of 84,935. Palmer Square CLO Senior Debt ETF has a 52 week low of $19.90 and a 52 week high of $21.09. The business has a fifty day simple moving average of $20.66 and a 200 day simple moving average of $20.57.

Palmer Square CLO Senior Debt ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2081 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.83 annualized dividend and a dividend yield of 4.0%. This is a positive change from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.1979.

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.