Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Decreases By 18.9%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 108,000 shares, a decrease of 18.9% from the December 15th total of 133,185 shares. Based on an average daily trading volume, of 821,537 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 821,537 shares, the short-interest ratio is presently 0.1 days.

PGIM Active High Yield Bond ETF Trading Up 0.1%

Shares of PHYL traded up $0.04 during mid-day trading on Monday, reaching $35.71. The company had a trading volume of 108,829 shares, compared to its average volume of 711,772. The firm has a fifty day simple moving average of $35.48 and a 200-day simple moving average of $35.49. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.83. The stock has a market cap of $921.32 million, a price-to-earnings ratio of 2.48 and a beta of 0.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the second quarter valued at $26,000. Montag A & Associates Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF during the 3rd quarter valued at $42,000. AE Wealth Management LLC raised its position in PGIM Active High Yield Bond ETF by 1,357.5% in the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock worth $45,000 after acquiring an additional 1,181 shares in the last quarter. Stance Capital LLC bought a new stake in PGIM Active High Yield Bond ETF during the third quarter worth approximately $70,000. Finally, Anchor Investment Management LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after acquiring an additional 523 shares during the last quarter.

PGIM Active High Yield Bond ETF Company Profile

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.