PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Down 65.7% in August

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 60,997 shares, a decrease of 65.7% from the July 30th total of 177,690 shares. Based on an average daily trading volume, of 125,422 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of PGIM Active High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in PHYL. Kestra Private Wealth Services LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 3.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock valued at $330,000 after acquiring an additional 296 shares during the last quarter. Global Retirement Partners LLC raised its stake in PGIM Active High Yield Bond ETF by 7.3% during the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock worth $160,000 after purchasing an additional 305 shares during the period. Steward Partners Investment Advisory LLC raised its stake in PGIM Active High Yield Bond ETF by 4.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,062 shares of the company’s stock worth $499,000 after purchasing an additional 592 shares during the period. Symphony Financial Services Inc. grew its stake in shares of PGIM Active High Yield Bond ETF by 8.5% in the 1st quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock valued at $268,000 after buying an additional 603 shares during the period. Finally, PFG Advisors increased 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 worth $335,000 after buying an additional 608 shares during the last quarter.

PGIM Active High Yield Bond ETF Stock Down 0.3%

PHYL traded down $0.10 during trading on Friday, reaching $34.78. The company’s stock had a trading volume of 91,640 shares, compared to its average volume of 200,962. The firm has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $35.03. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 1 year low of $34.44 and a 1 year high of $35.83.

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.