PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 28,157 shares, a decline of 43.3% from the March 15th total of 49,626 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 132,678 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the second quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth $33,000. Montag A & Associates Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF during the third quarter worth $42,000. AE Wealth Management LLC raised its holdings in PGIM Active High Yield Bond ETF by 1,357.5% in the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Stance Capital LLC acquired a new stake in PGIM Active High Yield Bond ETF in the third quarter valued at $70,000.

PGIM Active High Yield Bond ETF Price Performance

PHYL stock traded up $0.11 during midday trading on Monday, reaching $35.19. 84,240 shares of the company’s stock traded hands, compared to its average volume of 260,747. The company has a market capitalization of $1.27 billion, a P/E ratio of 2.48 and a beta of 0.41. PGIM Active High Yield Bond ETF has a fifty-two week low of $33.85 and a fifty-two week high of $35.83. The business has a 50-day moving average price of $35.19 and a two-hundred day moving average price of $35.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1854 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, March 2nd.

PGIM Active High Yield Bond ETF Company Profile

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.