PGIM Short Duration High Yield ETF (BATS:PSH) Sees Large Growth in Short Interest

PGIM Short Duration High Yield ETF (BATS:PSH) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 16,857 shares, an increase of 230.2% from the April 15th total of 5,105 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 41,125 shares, the days-to-cover ratio is presently 0.4 days.

PGIM Short Duration High Yield ETF Trading Up 0.0%

Shares of BATS PSH opened at $50.05 on Friday. PGIM Short Duration High Yield ETF has a fifty-two week low of $49.44 and a fifty-two week high of $51.51. The stock has a fifty day moving average of $50.01 and a 200-day moving average of $50.31.

Hedge Funds Weigh In On PGIM Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IAG Wealth Partners LLC purchased a new position in PGIM Short Duration High Yield ETF during the first quarter worth about $113,000. Janney Montgomery Scott LLC grew its position in PGIM Short Duration High Yield ETF by 21.6% during the first quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock worth $2,308,000 after buying an additional 8,269 shares in the last quarter. Parallel Advisors LLC grew its position in PGIM Short Duration High Yield ETF by 296.1% during the fourth quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock worth $202,000 after buying an additional 2,999 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in PGIM Short Duration High Yield ETF by 2.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 119,412 shares of the company’s stock worth $6,014,000 after buying an additional 2,731 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in PGIM Short Duration High Yield ETF during the fourth quarter worth about $137,000.

About PGIM Short Duration High Yield ETF

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.