Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Large Decrease in Short Interest

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 10,001 shares, a drop of 74.3% from the March 31st total of 38,921 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is currently 0.2 days.

Palmer Square Credit Opportunities ETF Price Performance

NYSEARCA:PSQO traded up $0.05 on Friday, reaching $20.72. The stock had a trading volume of 17,720 shares, compared to its average volume of 104,576. The stock has a fifty day moving average price of $20.64 and a 200-day moving average price of $20.68. Palmer Square Credit Opportunities ETF has a 1-year low of $19.76 and a 1-year high of $20.90.

Institutional Trading of Palmer Square Credit Opportunities ETF

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Palmer Square Credit Opportunities ETF during the second quarter worth $402,000. Accurate Wealth Management LLC increased its stake in Palmer Square Credit Opportunities ETF by 1.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 45,231 shares of the company’s stock valued at $932,000 after buying an additional 758 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Palmer Square Credit Opportunities ETF during the 3rd quarter worth about $204,000. Advisory Resource Group lifted its position in Palmer Square Credit Opportunities ETF by 3.5% during the 3rd quarter. Advisory Resource Group now owns 869,072 shares of the company’s stock worth $17,903,000 after buying an additional 29,236 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Palmer Square Credit Opportunities ETF by 143.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 33,361 shares of the company’s stock worth $687,000 after buying an additional 19,655 shares during the last quarter.

About Palmer Square Credit Opportunities ETF

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.