PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 63,704 shares, a drop of 41.0% from the December 31st total of 108,000 shares. Based on an average trading volume of 772,122 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 772,122 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of PGIM Active High Yield Bond ETF

A number of institutional investors have recently modified their holdings of PHYL. Smartleaf Asset Management LLC purchased a new stake in PGIM Active High Yield Bond ETF in the second quarter worth about $26,000. Montag A & Associates Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter valued at approximately $42,000. AE Wealth Management LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after purchasing an additional 1,181 shares in the last quarter. Stance Capital LLC purchased a new stake in PGIM Active High Yield Bond ETF in the third quarter worth $70,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after buying an additional 523 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Up 0.0%

Shares of NYSEARCA PHYL traded up $0.01 during mid-day trading on Friday, reaching $35.70. 100,922 shares of the company were exchanged, compared to its average volume of 457,376. PGIM Active High Yield Bond ETF has a 52 week low of $32.98 and a 52 week high of $35.83. The company’s 50 day moving average price is $35.56 and its 200 day moving average price is $35.52. The stock has a market capitalization of $921.06 million, a PE ratio of 2.48 and a beta of 0.40.

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.