PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Stock Short Interest Report for October

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 5,247 shares, a drop of 57.6% from the September 30th total of 12,370 shares. Based on an average trading volume of 99,179 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold.

PGIM Short Duration Multi-Sector Bond ETF Price Performance

PSDM stock opened at $50.22 on Friday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $49.97 and a 12 month high of $51.77. The firm has a 50 day moving average of $50.40 and a two-hundred day moving average of $50.98.

Hedge Funds Weigh In On PGIM Short Duration Multi-Sector Bond ETF

Large investors have recently added to or reduced their stakes in the company. Team Financial Group LLC lifted its holdings 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 during the period. Ascentis Independent Advisors acquired a new position in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter worth about $398,000. Finally, Sound Income Strategies LLC bought a new stake in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter worth about $83,000.

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.