Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Significant Increase in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 49,732 shares, a growth of 59.8% from the May 14th total of 31,129 shares. Based on an average daily trading volume, of 204,953 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Palmer Square CLO Senior Debt ETF

Several institutional investors and hedge funds have recently bought and sold shares of PSQA. Mariner LLC raised its stake in Palmer Square CLO Senior Debt ETF by 244.0% during the fourth quarter. Mariner LLC now owns 1,220,405 shares of the company’s stock valued at $24,860,000 after buying an additional 865,657 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the fourth quarter valued at approximately $4,817,000. Providence Financial Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the third quarter valued at approximately $3,611,000. FAS Wealth Partners Inc. grew its holdings in shares of Palmer Square CLO Senior Debt ETF by 473.7% during the first quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock valued at $2,234,000 after purchasing an additional 90,237 shares during the last quarter. Finally, Canvas Wealth Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the first quarter valued at approximately $944,000.

Palmer Square CLO Senior Debt ETF Stock Performance

Shares of NYSEARCA PSQA opened at $20.64 on Thursday. The stock’s 50 day moving average price is $20.59 and its two-hundred day moving average price is $20.52. Palmer Square CLO Senior Debt ETF has a 52-week low of $19.90 and a 52-week high of $20.92.

Palmer Square CLO Senior Debt ETF Company Profile

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.