Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Expands By 179.9%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 29,118 shares, an increase of 179.9% from the June 30th total of 10,402 shares. Based on an average daily trading volume, of 59,995 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Palmer Square CLO Senior Debt ETF Stock Performance

PSQA remained flat at $20.55 during midday trading on Monday. 85,838 shares of the company’s stock traded hands, compared to its average volume of 66,163. The firm has a 50 day moving average of $20.57 and a 200-day moving average of $20.53. Palmer Square CLO Senior Debt ETF has a 1-year low of $19.90 and a 1-year high of $20.92.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC bought a new stake in Palmer Square CLO Senior Debt ETF in the 4th quarter worth approximately $4,817,000. Savvy Advisors Inc. bought a new position in shares of Palmer Square CLO Senior Debt ETF during the 4th quarter valued at $537,000. Canvas Wealth Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the 1st quarter valued at $944,000. Endeavor Private Wealth Inc. boosted its stake in shares of Palmer Square CLO Senior Debt ETF by 13.5% in the 4th quarter. Endeavor Private Wealth Inc. now owns 11,255 shares of the company’s stock worth $229,000 after buying an additional 1,336 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted 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 worth $2,234,000 after buying an additional 90,237 shares during the last quarter.

About Palmer Square CLO Senior Debt ETF

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.