PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Down 37.5% in July

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,063 shares, a decline of 37.5% from the June 30th total of 25,696 shares. Based on an average daily trading volume, of 38,609 shares, the short-interest ratio is currently 0.4 days. Currently, 1.6% of the shares of the company are sold short.

PGIM Short Duration High Yield ETF Stock Down 0.1%

Shares of BATS:PSH opened at $49.78 on Thursday. PGIM Short Duration High Yield ETF has a fifty-two week low of $49.44 and a fifty-two week high of $51.51. The firm has a 50-day simple moving average of $49.94 and a 200 day simple moving average of $50.11.

Hedge Funds Weigh In On PGIM Short Duration High Yield ETF

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of PGIM Short Duration High Yield ETF by 2.9% during 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. Janney Montgomery Scott LLC boosted its position in PGIM Short Duration High Yield ETF by 21.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock valued at $2,308,000 after purchasing an additional 8,269 shares during the period. Parallel Advisors LLC boosted its position in PGIM Short Duration High Yield ETF by 296.1% during the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after purchasing an additional 2,999 shares during the period. Farther Finance Advisors LLC bought a new position in PGIM Short Duration High Yield ETF during the 4th quarter worth $137,000. Finally, IAG Wealth Partners LLC bought a new position in PGIM Short Duration High Yield ETF during the 1st quarter worth $113,000.

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.