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

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 24,536 shares, a decline of 68.9% from the September 30th total of 78,861 shares. Based on an average trading volume of 138,232 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Palmer Square CLO Senior Debt ETF Stock Performance

Shares of PSQA stock remained flat at $20.67 during trading on Thursday. The company had a trading volume of 12,829 shares, compared to its average volume of 85,261. Palmer Square CLO Senior Debt ETF has a 1-year low of $19.90 and a 1-year high of $21.09. The business has a fifty day moving average price of $20.66 and a two-hundred day moving average price of $20.57.

Palmer Square CLO Senior Debt ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.2081 per share. This represents a $0.83 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.1979. The ex-dividend date of this dividend was Thursday, September 24th.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. MGO One Seven LLC boosted its holdings in shares of Palmer Square CLO Senior Debt ETF by 10.4% during the 3rd quarter. MGO One Seven LLC now owns 24,868 shares of the company’s stock worth $512,000 after buying an additional 2,347 shares during the period. Partners Wealth Management LLC bought a new position in Palmer Square CLO Senior Debt ETF in the 3rd quarter valued at about $580,000. Firethorn Wealth Partners LLC raised its holdings in Palmer Square CLO Senior Debt ETF by 5.8% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 204,914 shares of the company’s stock valued at $4,215,000 after acquiring an additional 11,262 shares during the period. Endeavor Private Wealth Inc. lifted its position in Palmer Square CLO Senior Debt ETF by 18.6% during the second quarter. Endeavor Private Wealth Inc. now owns 16,488 shares of the company’s stock worth $337,000 after acquiring an additional 2,580 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its position in Palmer Square CLO Senior Debt ETF by 473.7% during the first quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock worth $2,234,000 after acquiring an additional 90,237 shares during the last quarter.

Palmer Square CLO Senior Debt ETF Company Profile

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.