PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Stock Short Interest Report for October

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 388,782 shares, an increase of 119.5% from the September 30th total of 177,120 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 298,624 shares, the short-interest ratio is presently 1.3 days.

PGIM Active High Yield Bond ETF Trading Down 0.8%

NYSEARCA:PHYL traded down $0.26 during trading hours on Friday, hitting $33.55. 311,873 shares of the company were exchanged, compared to its average volume of 203,246. The company has a fifty day simple moving average of $34.01 and a 200 day simple moving average of $34.84. PGIM Active High Yield Bond ETF has a one year low of $33.27 and a one year high of $35.76. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 2.48 and a beta of 0.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PHYL. Summit Wealth Group LLC Co. acquired a new position in shares of PGIM Active High Yield Bond ETF in the 3rd quarter worth $2,802,000. Global Assets Advisory LLC lifted its stake in PGIM Active High Yield Bond ETF by 0.9% during the 3rd quarter. Global Assets Advisory LLC now owns 34,093 shares of the company’s stock valued at $1,140,000 after acquiring an additional 308 shares in the last quarter. Latitude Advisors LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter worth approximately $98,000. MBE Wealth Management LLC boosted its stake in PGIM Active High Yield Bond ETF by 3.2% in the 3rd quarter. MBE Wealth Management LLC now owns 37,054 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,145 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter worth $1,703,000.

About PGIM Active High Yield Bond ETF

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.