Short Interest in Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Increases By 56.3%

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 107,487 shares, a growth of 56.3% from the August 15th total of 68,785 shares. Based on an average trading volume of 70,233 shares, the short-interest ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of Palmer Square CLO Senior Debt ETF in the 1st quarter worth $30,000. Endeavor Private Wealth Inc. grew its position in Palmer Square CLO Senior Debt ETF by 13.5% during the 4th quarter. Endeavor Private Wealth Inc. now owns 11,255 shares of the company’s stock worth $229,000 after acquiring an additional 1,336 shares during the last quarter. Bull Harbor Capital LLC purchased a new position in shares of Palmer Square CLO Senior Debt ETF in the first quarter worth $422,000. Canvas Wealth Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the first quarter valued at about $944,000. Finally, FAS Wealth Partners Inc. raised its position in Palmer Square CLO Senior Debt ETF by 473.7% during the 1st 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.

Palmer Square CLO Senior Debt ETF Stock Performance

Shares of PSQA stock traded up $0.02 during trading on Thursday, reaching $20.77. 54,103 shares of the company’s stock traded hands, compared to its average volume of 80,017. The firm’s 50-day moving average is $20.63 and its 200 day moving average is $20.58. Palmer Square CLO Senior Debt ETF has a 1 year low of $19.90 and a 1 year high of $21.09.

Palmer Square CLO Senior Debt ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a dividend of $0.1979 per share. This is a positive change from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a yield of 3.8%.

About Palmer Square CLO Senior Debt ETF

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.