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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 42,873 shares, a decrease of 35.0% from the January 29th total of 65,908 shares. Based on an average daily volume of 208,047 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 208,047 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter valued at approximately $33,000. Montag A & Associates Inc. acquired a new stake in PGIM Active High Yield Bond ETF during the third quarter worth approximately $42,000. AE Wealth Management LLC grew its stake in PGIM Active High Yield Bond ETF by 1,357.5% in the 3rd 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. Finally, Stance Capital LLC acquired a new position in PGIM Active High Yield Bond ETF in the 3rd quarter valued at $70,000.

PGIM Active High Yield Bond ETF Stock Down 0.7%

Shares of PHYL traded down $0.26 during mid-day trading on Monday, reaching $35.34. 158,347 shares of the company’s stock were exchanged, compared to its average volume of 329,227. The company has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $35.55. The company has a market cap of $911.77 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 52-week low of $32.98 and a 52-week high of $35.83.

PGIM Active High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be paid a dividend of $0.1854 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

About PGIM Active High Yield Bond ETF

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.