PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Stock Short Interest Jumps 119.5%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 388,782 shares, an increase of 119.5% from the September 30th total of 177,120 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 298,624 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Mendota Financial Group LLC lifted its position in shares of PGIM Active High Yield Bond ETF by 198.4% during the 2nd quarter. Mendota Financial Group LLC now owns 28,016 shares of the company’s stock worth $977,000 after buying an additional 18,626 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in PGIM Active High Yield Bond ETF in the second quarter worth $4,648,000. KWB Wealth bought a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter worth approximately $744,000. Baer Investment Advisory LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter valued at about $1,606,000. Finally, Seros Financial LLC purchased a new position in PGIM Active High Yield Bond ETF during the 1st quarter valued at about $2,137,000.

PGIM Active High Yield Bond ETF Stock Performance

NYSEARCA PHYL traded down $0.26 during trading hours on Friday, hitting $33.55. 311,873 shares of the company traded hands, compared to its average volume of 203,246. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 2.48 and a beta of 0.41. PGIM Active High Yield Bond ETF has a twelve month low of $33.27 and a twelve month high of $35.76. The business’s 50-day moving average is $34.01 and its 200-day moving average is $34.84.

About PGIM Active High Yield Bond ETF

(Get Free Report)

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.

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