Short Interest in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Declines By 36.6%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 65,322 shares, a decrease of 36.6% from the June 30th total of 102,968 shares. Based on an average trading volume of 62,437 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSQO. FAS Wealth Partners Inc. grew its holdings in shares of Palmer Square Credit Opportunities ETF by 226.3% during the fourth quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock worth $56,000 after buying an additional 1,899 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Palmer Square Credit Opportunities ETF during the fourth quarter valued at approximately $72,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Palmer Square Credit Opportunities ETF during the second quarter valued at approximately $202,000. Endeavor Private Wealth Inc. boosted its position in Palmer Square Credit Opportunities ETF by 13.7% during the fourth quarter. Endeavor Private Wealth Inc. now owns 11,249 shares of the company’s stock worth $232,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Palmer Square Credit Opportunities ETF during the second quarter worth approximately $402,000.

Palmer Square Credit Opportunities ETF Stock Down 0.0%

Shares of PSQO traded down $0.01 during trading hours on Friday, reaching $20.72. 21,745 shares of the company traded hands, compared to its average volume of 77,280. Palmer Square Credit Opportunities ETF has a fifty-two week low of $19.76 and a fifty-two week high of $21.03. The stock has a fifty day simple moving average of $20.75 and a 200 day simple moving average of $20.70.

About Palmer Square Credit Opportunities ETF

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.