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

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 72,930 shares, a growth of 129.4% from the April 30th total of 31,798 shares. Based on an average daily trading volume, of 54,930 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are short sold.

Palmer Square Credit Opportunities ETF Price Performance

Shares of NYSEARCA PSQO remained flat at $20.81 during midday trading on Monday. The stock had a trading volume of 50,691 shares, compared to its average volume of 90,074. Palmer Square Credit Opportunities ETF has a 12-month low of $19.76 and a 12-month high of $21.03. The firm has a 50-day moving average price of $20.68 and a 200 day moving average price of $20.70.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

Several large investors have recently made changes to their positions in PSQO. Mariner LLC increased its position in shares of Palmer Square Credit Opportunities ETF by 234.4% during the 4th quarter. Mariner LLC now owns 878,699 shares of the company’s stock valued at $18,122,000 after purchasing an additional 615,942 shares during the last quarter. Advisory Resource Group increased its position in shares of Palmer Square Credit Opportunities ETF by 27.5% during the 4th quarter. Advisory Resource Group now owns 1,108,459 shares of the company’s stock valued at $22,861,000 after purchasing an additional 239,387 shares during the last quarter. Lake Street Private Wealth LLC boosted its stake in Palmer Square Credit Opportunities ETF by 23.6% in the fourth quarter. Lake Street Private Wealth LLC now owns 612,021 shares of the company’s stock valued at $12,622,000 after acquiring an additional 117,045 shares during the last quarter. Atwood & Palmer Inc. boosted its stake in Palmer Square Credit Opportunities ETF by 3.5% in the fourth quarter. Atwood & Palmer Inc. now owns 1,901,096 shares of the company’s stock valued at $39,208,000 after acquiring an additional 65,132 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its stake in Palmer Square Credit Opportunities ETF by 419.6% in the third quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock valued at $1,071,000 after acquiring an additional 41,973 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.