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

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 65,322 shares, a drop of 36.6% from the June 30th total of 102,968 shares. Based on an average trading volume of 62,437 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PSQO. FAS Wealth Partners Inc. grew its stake in Palmer Square Credit Opportunities ETF by 226.3% in the 4th quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock worth $56,000 after buying an additional 1,899 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the 4th quarter valued at $72,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Palmer Square Credit Opportunities ETF during the 2nd quarter worth $202,000. Endeavor Private Wealth Inc. lifted its holdings in shares of Palmer Square Credit Opportunities ETF by 13.7% during the 4th quarter. Endeavor Private Wealth Inc. now owns 11,249 shares of the company’s stock worth $232,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Palmer Square Credit Opportunities ETF during the 2nd quarter worth $402,000.

Palmer Square Credit Opportunities ETF Price Performance

NYSEARCA:PSQO traded down $0.01 during mid-day trading on Friday, hitting $20.72. 21,745 shares of the stock traded hands, compared to its average volume of 77,280. The business’s 50-day moving average price is $20.75 and its 200 day moving average price is $20.70. Palmer Square Credit Opportunities ETF has a 12-month low of $19.76 and a 12-month high of $21.03.

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.