PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Update

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 25,696 shares, an increase of 241.2% from the June 15th total of 7,532 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 20,161 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On PGIM Short Duration High Yield ETF

A number of institutional investors have recently bought and sold shares of PSH. EverSource Wealth Advisors LLC grew its stake in PGIM Short Duration High Yield ETF by 2.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock valued at $6,094,000 after acquiring an additional 3,471 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of PGIM Short Duration High Yield ETF in the 1st quarter valued at about $113,000. Janney Montgomery Scott LLC lifted its position in shares of PGIM Short Duration High Yield ETF by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock worth $2,308,000 after purchasing an additional 8,269 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of PGIM Short Duration High Yield ETF by 296.1% in the fourth quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock worth $202,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the fourth quarter worth approximately $137,000.

PGIM Short Duration High Yield ETF Stock Performance

Shares of PSH stock opened at $49.92 on Monday. PGIM Short Duration High Yield ETF has a 1-year low of $49.44 and a 1-year high of $51.51. The stock’s fifty day simple moving average is $49.98 and its 200-day simple moving average is $50.17.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.