Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Large Increase in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 29,118 shares, a growth of 179.9% from the June 30th total of 10,402 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 59,995 shares, the short-interest ratio is currently 0.5 days.

Palmer Square CLO Senior Debt ETF Price Performance

Shares of NYSEARCA PSQA traded up $0.02 during trading hours on Tuesday, hitting $20.57. 1,426,744 shares of the company’s stock were exchanged, compared to its average volume of 75,749. The company’s 50-day moving average price is $20.57 and its 200-day moving average price is $20.53. Palmer Square CLO Senior Debt ETF has a 1-year low of $19.90 and a 1-year high of $20.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of Palmer Square CLO Senior Debt ETF in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new position in Palmer Square CLO Senior Debt ETF during the 4th quarter valued at $193,000. Jane Street Group LLC acquired a new position in Palmer Square CLO Senior Debt ETF during the 2nd quarter valued at $211,000. Endeavor Private Wealth Inc. boosted its holdings in Palmer Square CLO Senior Debt ETF by 13.5% in the 4th quarter. Endeavor Private Wealth Inc. now owns 11,255 shares of the company’s stock valued at $229,000 after purchasing an additional 1,336 shares during the period. Finally, FAS Wealth Partners Inc. grew its position in Palmer Square CLO Senior Debt ETF by 83.2% in the 4th quarter. FAS Wealth Partners Inc. now owns 19,048 shares of the company’s stock worth $388,000 after purchasing an additional 8,653 shares during the last quarter.

About Palmer Square CLO Senior Debt ETF

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.