Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Stock Short Interest Declines 68.9%

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

Institutional Investors Weigh In On Palmer Square CLO Senior Debt ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. FAS Wealth Partners Inc. grew its holdings in shares of 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 buying an additional 90,237 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new position in shares of Palmer Square CLO Senior Debt ETF during the first quarter valued at approximately $944,000. Bull Harbor Capital LLC purchased a new position in shares of Palmer Square CLO Senior Debt ETF during the first quarter valued at approximately $422,000. Firethorn Wealth Partners LLC lifted its stake in shares of Palmer Square CLO Senior Debt ETF by 5.8% during the third quarter. Firethorn Wealth Partners LLC now owns 204,914 shares of the company’s stock valued at $4,215,000 after buying an additional 11,262 shares during the period. Finally, Endeavor Private Wealth Inc. lifted its stake in shares of 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 valued at $337,000 after buying an additional 2,580 shares during the period.

Palmer Square CLO Senior Debt ETF Price Performance

NYSEARCA PSQA opened at $20.65 on Wednesday. The business has a fifty day moving average of $20.66 and a 200-day moving average of $20.57. Palmer Square CLO Senior Debt ETF has a fifty-two week low of $19.90 and a fifty-two week high of $21.09.

Palmer Square CLO Senior Debt ETF Increases Dividend

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

About Palmer Square CLO Senior Debt ETF

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.