PGIM Short Duration High Yield ETF (BATS:PSH) Shares Shorted: Short Interest Up 1,347.5% in October

PGIM Short Duration High Yield ETF (BATS:PSH) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 30,108 shares, an increase of 1,347.5% from the October 15th total of 2,080 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 21,684 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of PGIM Short Duration High Yield ETF

Several large investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC bought a new position in PGIM Short Duration High Yield ETF in the 2nd quarter worth $5,977,000. IAG Wealth Partners LLC lifted its position in shares of PGIM Short Duration High Yield ETF by 3.3% in the 3rd quarter. IAG Wealth Partners LLC now owns 332,577 shares of the company’s stock worth $16,187,000 after purchasing an additional 10,764 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of PGIM Short Duration High Yield ETF by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock worth $6,094,000 after purchasing an additional 3,471 shares during the period. Evolve Private Wealth LLC purchased a new stake in shares of PGIM Short Duration High Yield ETF in the 2nd quarter worth about $1,162,000. Finally, Global Retirement Partners LLC bought a new stake in shares of PGIM Short Duration High Yield ETF during the 2nd quarter valued at about $26,000.

PGIM Short Duration High Yield ETF Price Performance

Shares of PGIM Short Duration High Yield ETF stock traded down $0.09 during midday trading on Tuesday, reaching $48.85. 12,242 shares of the company’s stock traded hands, compared to its average volume of 27,775. The stock has a 50 day moving average of $49.12 and a 200-day moving average of $49.81. PGIM Short Duration High Yield ETF has a 12 month low of $48.62 and a 12 month high of $50.75.

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.