PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Large Growth in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 133,185 shares, a growth of 698.0% from the November 30th total of 16,690 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 94,847 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 94,847 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC bought a new stake in PGIM Active High Yield Bond ETF during the second quarter worth $26,000. Montag A & Associates Inc. bought a new position in PGIM Active High Yield Bond ETF during the 3rd quarter worth $42,000. AE Wealth Management LLC increased its position in PGIM Active High Yield Bond ETF by 1,357.5% during the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock worth $45,000 after acquiring an additional 1,181 shares during the period. Stance Capital LLC bought a new position in shares of PGIM Active High Yield Bond ETF during the third quarter worth approximately $70,000. Finally, Anchor Investment Management LLC raised its holdings in PGIM Active High Yield Bond ETF by 20.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after acquiring an additional 523 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

PHYL stock traded up $0.08 during trading hours on Wednesday, reaching $35.63. 65,853 shares of the stock were exchanged, compared to its average volume of 123,699. The firm’s 50-day moving average is $35.44 and its 200-day moving average is $35.44. PGIM Active High Yield Bond ETF has a 12 month low of $32.98 and a 12 month high of $35.83. The company has a market cap of $690.51 million, a price-to-earnings ratio of 2.48 and a beta of 0.40.

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.