Short Interest in PGIM Short Duration High Yield ETF (BATS:PSH) Increases By 143.2%

PGIM Short Duration High Yield ETF (BATS:PSH) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 35,081 shares, an increase of 143.2% from the August 15th total of 14,424 shares. Based on an average daily volume of 27,169 shares, the short-interest ratio is currently 1.3 days. Currently, 3.5% of the shares of the company are short sold.

PGIM Short Duration High Yield ETF Price Performance

Shares of PSH opened at $49.47 on Monday. The company’s 50-day moving average is $49.82 and its 200-day moving average is $49.95. PGIM Short Duration High Yield ETF has a fifty-two week low of $49.44 and a fifty-two week high of $51.51.

Hedge Funds Weigh In On PGIM Short Duration High Yield ETF

A number of large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in PGIM Short Duration High Yield ETF by 2.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 119,412 shares of the company’s stock worth $6,014,000 after buying an additional 2,731 shares during the period. Parallel Advisors LLC increased its position in PGIM Short Duration High Yield ETF by 296.1% during the fourth quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock worth $202,000 after acquiring an additional 2,999 shares during the period. Janney Montgomery Scott LLC increased its position in PGIM Short Duration High Yield ETF by 54.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock worth $1,927,000 after acquiring an additional 13,425 shares during the period. IAG Wealth Partners LLC acquired a new stake in PGIM Short Duration High Yield ETF in the 1st quarter worth about $113,000. Finally, Global Retirement Partners LLC acquired a new stake in PGIM Short Duration High Yield ETF in the 2nd quarter worth about $26,000.

PGIM Short Duration High Yield ETF Company Profile

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.