Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Stock Short Interest Falls 93.2%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,907 shares, a decrease of 93.2% from the September 30th total of 102,021 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 46,199 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

Several hedge funds have recently modified their holdings of PSQO. Dynamic Advisor Solutions LLC acquired a new position in shares of Palmer Square Credit Opportunities ETF in the second quarter valued at approximately $202,000. Endeavor Private Wealth Inc. lifted its stake in shares of Palmer Square Credit Opportunities ETF by 20.1% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock worth $338,000 after purchasing an additional 2,734 shares during the period. Wavvest Wealth LLC acquired a new stake in shares of Palmer Square Credit Opportunities ETF during the third quarter worth $714,000. Lake Street Private Wealth LLC boosted its holdings in shares of Palmer Square Credit Opportunities ETF by 7.4% during the third quarter. Lake Street Private Wealth LLC now owns 718,580 shares of the company’s stock worth $14,774,000 after purchasing an additional 49,575 shares during the last quarter. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Palmer Square Credit Opportunities ETF by 1.5% during the second quarter. Atwood & Palmer Inc. now owns 2,048,978 shares of the company’s stock worth $42,352,000 after purchasing an additional 29,739 shares during the last quarter.

Palmer Square Credit Opportunities ETF Trading Up 0.2%

Shares of Palmer Square Credit Opportunities ETF stock traded up $0.05 during trading on Monday, hitting $20.63. 14,192 shares of the company were exchanged, compared to its average volume of 73,887. Palmer Square Credit Opportunities ETF has a fifty-two week low of $19.76 and a fifty-two week high of $21.53. The firm has a 50 day moving average price of $20.72 and a 200 day moving average price of $20.71.

Palmer Square Credit Opportunities ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.2675 dividend. This is a positive change from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409. The ex-dividend date was Thursday, September 24th. This represents a $1.07 dividend on an annualized basis and a yield of 5.2%.

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.