PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Significant Increase in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 222,908 shares, a growth of 181.8% from the August 31st total of 79,090 shares. Based on an average daily volume of 200,400 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the company’s stock are sold short.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock traded up $0.02 during mid-day trading on Friday, hitting $33.95. 140,176 shares of the stock traded hands, compared to its average volume of 198,490. PGIM Active High Yield Bond ETF has a 52-week low of $33.84 and a 52-week high of $35.77. The stock has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39. The stock’s fifty day moving average is $34.59 and its two-hundred day moving average is $34.87.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in PGIM Active High Yield Bond ETF by 20.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,426 shares of the company’s stock worth $712,000 after buying an additional 3,410 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in PGIM Active High Yield Bond ETF by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,515,098 shares of the company’s stock worth $52,847,000 after acquiring an additional 155,091 shares in the last quarter. Capital Analysts LLC boosted its holdings in PGIM Active High Yield Bond ETF by 14.5% in the second quarter. Capital Analysts LLC now owns 558,617 shares of the company’s stock worth $19,484,000 after acquiring an additional 70,954 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the second quarter worth about $4,648,000. Finally, Gainline Financial Partners LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the second quarter valued at about $3,705,000.

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.