PGIM Short Duration High Yield ETF (BATS:PSH) Sees Significant Decrease in Short Interest

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 16,106 shares, a decrease of 54.1% from the August 31st total of 35,081 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 21,394 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSH. Almitas Capital LLC purchased a new stake in shares of PGIM Short Duration High Yield ETF during the second quarter worth about $5,977,000. EverSource Wealth Advisors LLC raised its position in shares of PGIM Short Duration High Yield ETF by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock valued at $6,094,000 after purchasing an additional 3,471 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in PGIM Short Duration High Yield ETF in the 2nd quarter worth approximately $1,162,000. Janney Montgomery Scott LLC boosted its stake in PGIM Short Duration High Yield ETF by 21.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 46,536 shares of the company’s stock worth $2,308,000 after purchasing an additional 8,269 shares in the last quarter. Finally, IAG Wealth Partners LLC purchased a new stake in PGIM Short Duration High Yield ETF during the 1st quarter worth approximately $113,000.

PGIM Short Duration High Yield ETF Trading Down 0.2%

Shares of PSH opened at $49.11 on Tuesday. PGIM Short Duration High Yield ETF has a 12 month low of $49.03 and a 12 month high of $51.51. The stock has a fifty day moving average price of $49.71 and a 200-day moving average price of $49.88.

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.