PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Down 46.2% in August

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 9,401 shares, a decline of 46.2% from the August 15th total of 17,484 shares. Based on an average daily volume of 40,794 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

PGIM Short Duration Multi-Sector Bond ETF Stock Down 0.1%

Shares of BATS PSDM opened at $50.38 on Thursday. The stock has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $51.02. PGIM Short Duration Multi-Sector Bond ETF has a 1 year low of $50.36 and a 1 year high of $52.03.

Institutional Trading of PGIM Short Duration Multi-Sector Bond ETF

Several institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in PGIM Short Duration Multi-Sector Bond ETF during the first quarter valued at approximately $83,000. Ascentis Independent Advisors acquired a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter valued at $398,000. Thoroughbred Financial Services LLC lifted its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 149.0% during the 4th quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock valued at $599,000 after acquiring an additional 6,972 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock worth $3,542,000 after acquiring an additional 29,778 shares in the last quarter. Finally, Team Financial Group LLC boosted its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 5.4% during the 1st quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock worth $10,224,000 after acquiring an additional 10,216 shares in the last quarter.

About PGIM Short Duration Multi-Sector Bond ETF

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.