PGIM Short Duration High Yield ETF (BATS:PSH – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 35,081 shares, a growth of 143.2% from the August 15th total of 14,424 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average trading volume of 27,169 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Investors Weigh In On PGIM Short Duration High Yield ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in PGIM Short Duration High Yield ETF in the second quarter valued at $26,000. IAG Wealth Partners LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF in the first quarter valued at approximately $113,000. Janney Montgomery Scott LLC grew its holdings in PGIM Short Duration High Yield ETF by 21.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock valued at $2,308,000 after buying an additional 8,269 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the second quarter valued at $1,162,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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.
PGIM Short Duration High Yield ETF Stock Up 0.0%
Shares of BATS:PSH opened at $49.49 on Tuesday. PGIM Short Duration High Yield ETF has a one year low of $49.40 and a one year high of $51.51. The company has a 50-day simple moving average of $49.82 and a 200-day simple moving average of $49.94.
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.
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