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

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 98,912 shares, an increase of 99.0% from the July 30th total of 49,716 shares. Based on an average trading volume of 65,079 shares, the short-interest ratio is currently 1.5 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. FAS Wealth Partners Inc. raised its position in Palmer Square Credit Opportunities ETF by 226.3% in the 4th quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock valued at $56,000 after buying an additional 1,899 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Palmer Square Credit Opportunities ETF during the 4th quarter worth approximately $72,000. Dynamic Advisor Solutions LLC bought a new position in shares of Palmer Square Credit Opportunities ETF during the 2nd quarter worth approximately $202,000. Endeavor Private Wealth Inc. grew its holdings in shares of Palmer Square Credit Opportunities ETF by 13.7% in the 4th quarter. Endeavor Private Wealth Inc. now owns 11,249 shares of the company’s stock valued at $232,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Palmer Square Credit Opportunities ETF in the 2nd quarter valued at about $402,000.

Palmer Square Credit Opportunities ETF Stock Down 0.0%

PSQO opened at $20.83 on Friday. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $21.53. The firm’s fifty day simple moving average is $20.74 and its 200 day simple moving average is $20.72.

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.