Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Declines By 46.4%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 3,900 shares, a drop of 46.4% from the December 15th total of 7,271 shares. Based on an average trading volume of 106,511 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 106,511 shares, the days-to-cover ratio is currently 0.0 days.

Palmer Square CLO Senior Debt ETF Stock Performance

Shares of PSQA traded down $0.01 during mid-day trading on Thursday, hitting $20.44. 57,881 shares of the company traded hands, compared to its average volume of 62,288. The business has a 50 day moving average of $20.48 and a 200 day moving average of $20.42. Palmer Square CLO Senior Debt ETF has a 1-year low of $20.05 and a 1-year high of $20.68.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner LLC grew its stake in Palmer Square CLO Senior Debt ETF by 2,283.3% during the 3rd quarter. Mariner LLC now owns 354,748 shares of the company’s stock valued at $7,201,000 after purchasing an additional 339,863 shares during the last quarter. Ignite Planners LLC lifted its holdings in shares of Palmer Square CLO Senior Debt ETF by 13.6% during the second quarter. Ignite Planners LLC now owns 265,523 shares of the company’s stock worth $5,390,000 after purchasing an additional 31,719 shares during the period. Providence Financial Advisors LLC purchased a new stake in Palmer Square CLO Senior Debt ETF in the third quarter valued at approximately $3,611,000. Firethorn Wealth Partners LLC boosted its position in Palmer Square CLO Senior Debt ETF by 12.8% in the fourth quarter. Firethorn Wealth Partners LLC now owns 176,078 shares of the company’s stock valued at $3,587,000 after buying an additional 19,990 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Palmer Square CLO Senior Debt ETF by 2.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 98,816 shares of the company’s stock worth $2,006,000 after buying an additional 2,500 shares during the last quarter.

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.