Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Rises By 88.4%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 177,690 shares, a growth of 88.4% from the July 15th total of 94,296 shares. Based on an average trading volume of 326,678 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

PGIM Active High Yield Bond ETF Trading Down 0.1%

NYSEARCA:PHYL traded down $0.04 on Monday, hitting $34.80. 63,352 shares of the company’s stock traded hands, compared to its average volume of 205,370. PGIM Active High Yield Bond ETF has a 1 year low of $34.44 and a 1 year high of $35.83. The firm has a 50-day moving average price of $34.89 and a 200-day moving average price of $35.09. The company has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in PGIM Active High Yield Bond ETF by 261.3% in the first quarter. Royal Bank of Canada now owns 8,719 shares of the company’s stock valued at $304,000 after acquiring an additional 6,306 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth $216,000. MML Investors Services LLC increased its stake in shares of PGIM Active High Yield Bond ETF by 3.7% during the 2nd quarter. MML Investors Services LLC now owns 228,990 shares of the company’s stock worth $8,127,000 after purchasing an additional 8,259 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of PGIM Active High Yield Bond ETF during the 2nd quarter valued at $26,000. Finally, PFG Advisors raised its holdings in shares of PGIM Active High Yield Bond ETF by 6.9% during the 3rd quarter. PFG Advisors now owns 9,368 shares of the company’s stock valued at $335,000 after purchasing an additional 608 shares in the last quarter.

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.