PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 70,260 shares, a decline of 47.7% from the June 15th total of 134,298 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 126,364 shares, the days-to-cover ratio is presently 0.6 days.
PGIM Active High Yield Bond ETF Price Performance
Shares of PHYL stock traded down $0.02 during mid-day trading on Thursday, hitting $34.95. The stock had a trading volume of 122,564 shares, compared to its average volume of 200,924. PGIM Active High Yield Bond ETF has a fifty-two week low of $34.47 and a fifty-two week high of $35.83. The firm has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39. The company’s 50-day simple moving average is $35.00 and its 200-day simple moving average is $35.21.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in PGIM Active High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter worth approximately $33,000. Stance Capital LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at approximately $70,000. Anchor Investment Management LLC lifted its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% in 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 during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 1st quarter valued at approximately $139,000.
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.
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