PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Down 37.5% in July

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 16,063 shares, a drop of 37.5% from the June 30th total of 25,696 shares. Based on an average trading volume of 38,609 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are short sold.

PGIM Short Duration High Yield ETF Trading Down 0.1%

Shares of BATS:PSH opened at $49.78 on Thursday. The company’s 50-day moving average price is $49.94 and its 200 day moving average price is $50.11. PGIM Short Duration High Yield ETF has a fifty-two week low of $49.44 and a fifty-two week high of $51.51.

Institutional Investors Weigh In On PGIM Short Duration High Yield ETF

Large investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of PGIM Short Duration High Yield ETF during the fourth quarter valued at approximately $57,000. IAG Wealth Partners LLC acquired a new position in shares of PGIM Short Duration High Yield ETF during the first quarter worth approximately $113,000. Farther Finance Advisors LLC bought a new position in PGIM Short Duration High Yield ETF in the 4th quarter worth approximately $137,000. Parallel Advisors LLC grew its holdings in PGIM Short Duration High Yield ETF by 296.1% in the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock worth $202,000 after buying an additional 2,999 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in PGIM Short Duration High Yield ETF by 54.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock valued at $1,927,000 after acquiring an additional 13,425 shares during the period.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.