PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Down 47.7% in June

PGIM Active High Yield Bond ETF (NYSEARCA:PHYLGet Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 70,260 shares, a drop of 47.7% from the June 15th total of 134,298 shares. Based on an average daily volume of 126,364 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

PGIM Active High Yield Bond ETF Price Performance

Shares of PGIM Active High Yield Bond ETF stock traded up $0.06 during trading hours on Wednesday, hitting $34.94. The company had a trading volume of 87,328 shares, compared to its average volume of 201,088. The company’s 50-day moving average is $35.01 and its two-hundred day moving average is $35.22. The company has a market cap of $1.33 billion, a P/E ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a twelve month low of $34.47 and a twelve month high of $35.83.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Several hedge funds have recently made changes to their positions in PHYL. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $33,000. Stance Capital LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at $70,000. Anchor Investment Management LLC raised its position in PGIM Active High Yield Bond ETF by 20.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after purchasing an additional 523 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in PGIM Active High Yield Bond ETF during the 1st quarter worth $139,000.

PGIM Active High Yield Bond ETF Company Profile

(Get Free Report)

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.

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