Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Rises By 56.3%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 107,487 shares, a growth of 56.3% from the August 15th total of 68,785 shares. Based on an average daily trading volume, of 70,233 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Palmer Square CLO Senior Debt ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ignite Planners LLC grew its position in shares of Palmer Square CLO Senior Debt ETF by 4.1% in the fourth quarter. Ignite Planners LLC now owns 276,526 shares of the company’s stock valued at $5,660,000 after purchasing an additional 10,931 shares in the last quarter. FAS Wealth Partners Inc. lifted its holdings in shares of Palmer Square CLO Senior Debt ETF by 473.7% in the first 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 in the last quarter. Canvas Wealth Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF in the first quarter valued at approximately $944,000. Bull Harbor Capital LLC bought a new stake in Palmer Square CLO Senior Debt ETF during the 1st quarter worth approximately $422,000. Finally, Endeavor Private Wealth Inc. lifted its stake in 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 worth $337,000 after purchasing an additional 2,580 shares in the last quarter.

Palmer Square CLO Senior Debt ETF Trading Up 0.1%

PSQA stock opened at $20.77 on Friday. Palmer Square CLO Senior Debt ETF has a fifty-two week low of $19.90 and a fifty-two week high of $21.09. The stock has a fifty day moving average of $20.64 and a 200-day moving average of $20.58.

Palmer Square CLO Senior Debt ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a $0.1979 dividend. This represents a $0.79 annualized dividend and a dividend yield of 3.8%. This is an increase from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 24th.

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.