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

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 21,420 shares, a growth of 138.5% from the February 26th total of 8,983 shares. Based on an average daily trading volume, of 29,516 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Palmer Square Credit Opportunities ETF Price Performance

NYSEARCA PSQO traded down $0.03 during trading on Friday, reaching $20.47. The company’s stock had a trading volume of 17,870 shares, compared to its average volume of 122,372. The business has a 50-day moving average price of $20.67 and a 200-day moving average price of $20.69. Palmer Square Credit Opportunities ETF has a 1-year low of $19.76 and a 1-year high of $20.90.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Mariner LLC increased its position in Palmer Square Credit Opportunities ETF by 234.4% during the fourth quarter. Mariner LLC now owns 878,699 shares of the company’s stock worth $18,122,000 after buying an additional 615,942 shares during the last quarter. Advisory Resource Group lifted its position in shares of Palmer Square Credit Opportunities ETF by 27.5% in the fourth quarter. Advisory Resource Group now owns 1,108,459 shares of the company’s stock worth $22,861,000 after buying an additional 239,387 shares during the last quarter. Lake Street Private Wealth LLC lifted its position in shares of Palmer Square Credit Opportunities ETF by 23.6% in the fourth quarter. Lake Street Private Wealth LLC now owns 612,021 shares of the company’s stock worth $12,622,000 after buying an additional 117,045 shares during the last quarter. Atwood & Palmer Inc. boosted its stake in shares of Palmer Square Credit Opportunities ETF by 3.5% during the 4th quarter. Atwood & Palmer Inc. now owns 1,901,096 shares of the company’s stock worth $39,208,000 after acquiring an additional 65,132 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its stake in shares of Palmer Square Credit Opportunities ETF by 419.6% during the 3rd quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock worth $1,071,000 after acquiring an additional 41,973 shares in the last quarter.

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.