PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 12,370 shares, a growth of 298.5% from the September 15th total of 3,104 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 28,252 shares, the short-interest ratio is presently 0.4 days.
PGIM Short Duration Multi-Sector Bond ETF Stock Down 0.0%
PSDM stock opened at $50.16 on Tuesday. The business’s 50-day moving average is $50.57 and its two-hundred day moving average is $50.88. PGIM Short Duration Multi-Sector Bond ETF has a 1 year low of $49.97 and a 1 year high of $52.03.
Institutional Trading of PGIM Short Duration Multi-Sector Bond ETF
A number of large investors have recently made changes to their positions in PSDM. Sound Income Strategies LLC acquired a new stake in PGIM Short Duration Multi-Sector Bond ETF in the first quarter valued at approximately $83,000. Ascentis Independent Advisors purchased a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter worth approximately $398,000. Finally, Team Financial Group LLC lifted its stake in PGIM Short Duration Multi-Sector Bond ETF by 5.4% in the first quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock worth $10,224,000 after acquiring an additional 10,216 shares during the last quarter.
PGIM Short Duration Multi-Sector Bond ETF Company Profile
The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.
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