PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Down 68.4% in June

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 13,563 shares, a decrease of 68.4% from the May 31st total of 42,905 shares. Based on an average daily trading volume, of 34,782 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steel Grove Capital Advisors LLC increased its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock worth $3,542,000 after purchasing an additional 29,778 shares in the last quarter. Team Financial Group LLC lifted its holdings in PGIM Short Duration Multi-Sector Bond ETF by 9.5% in the 4th quarter. Team Financial Group LLC now owns 190,379 shares of the company’s stock valued at $9,799,000 after purchasing an additional 16,459 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter worth $398,000. Thoroughbred Financial Services LLC grew its holdings in shares of PGIM Short Duration Multi-Sector Bond ETF by 149.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock worth $599,000 after buying an additional 6,972 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of PGIM Short Duration Multi-Sector Bond ETF by 30.8% during the third quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock worth $1,507,000 after buying an additional 6,879 shares in the last quarter.

PGIM Short Duration Multi-Sector Bond ETF Trading Up 0.0%

Shares of PGIM Short Duration Multi-Sector Bond ETF stock opened at $51.13 on Tuesday. The firm has a 50-day simple moving average of $51.10 and a two-hundred day simple moving average of $51.31. PGIM Short Duration Multi-Sector Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $52.03.

PGIM Short Duration Multi-Sector Bond ETF Company Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.