Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Large Growth in Short Interest

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 32,929 shares, an increase of 218.7% from the December 31st total of 10,332 shares. Based on an average daily volume of 95,127 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 95,127 shares, the short-interest ratio is presently 0.3 days.

Palmer Square Credit Opportunities ETF Stock Performance

NYSEARCA PSQO remained flat at $20.67 on Wednesday. 11,947 shares of the company’s stock were exchanged, compared to its average volume of 76,386. Palmer Square Credit Opportunities ETF has a 12 month low of $20.07 and a 12 month high of $20.90. The firm’s 50 day moving average price is $20.72 and its 200-day moving average price is $20.68.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Endeavor Private Wealth Inc. purchased a new position in Palmer Square Credit Opportunities ETF during the third quarter valued at approximately $204,000. Savvy Advisors Inc. acquired a new stake in Palmer Square Credit Opportunities ETF during the second quarter worth about $205,000. Providence Financial Advisors LLC purchased a new position in Palmer Square Credit Opportunities ETF during the third quarter valued at approximately $283,000. Jane Street Group LLC acquired a new position in Palmer Square Credit Opportunities ETF in the second quarter valued at approximately $402,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Palmer Square Credit Opportunities ETF in the 3rd quarter worth approximately $601,000.

About Palmer Square Credit Opportunities ETF

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.