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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYLGet Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 70,260 shares, a decline of 47.7% from the June 15th total of 134,298 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 126,364 shares, the short-interest ratio is currently 0.6 days.

PGIM Active High Yield Bond ETF Stock Performance

PGIM Active High Yield Bond ETF stock traded up $0.06 during mid-day trading on Wednesday, reaching $34.94. 87,328 shares of the company were exchanged, compared to its average volume of 201,088. The firm has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39. The firm’s 50-day simple moving average is $35.01 and its two-hundred day simple moving average is $35.22. PGIM Active High Yield Bond ETF has a twelve month low of $34.47 and a twelve month high of $35.83.

Institutional Trading of PGIM Active High Yield Bond ETF

Several hedge funds have recently made changes to their positions in PHYL. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF in the second quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in PGIM Active High Yield Bond ETF during the fourth quarter worth $33,000. Stance Capital LLC purchased a new position in PGIM Active High Yield Bond ETF in the third quarter worth $70,000. Anchor Investment Management LLC raised its position in PGIM Active High Yield Bond ETF by 20.7% in the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after acquiring an additional 523 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth $139,000.

About PGIM Active High Yield Bond ETF

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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.

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