PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 42,873 shares, a drop of 35.0% from the January 29th total of 65,908 shares. Based on an average trading volume of 208,047 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 208,047 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF during the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at approximately $33,000. Montag A & Associates Inc. acquired a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter worth approximately $42,000. AE Wealth Management LLC increased its stake in shares of 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 buying an additional 1,181 shares during the last quarter. Finally, Stance Capital LLC acquired a new stake in PGIM Active High Yield Bond ETF in the third quarter valued at $70,000.

PGIM Active High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA PHYL traded down $0.02 during trading on Friday, reaching $35.60. 183,227 shares of the stock were exchanged, compared to its average volume of 334,185. The company has a market capitalization of $918.48 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. The business’s 50-day moving average price is $35.61 and its 200 day moving average price is $35.55. PGIM Active High Yield Bond ETF has a twelve month low of $32.98 and a twelve month high of $35.83.

PGIM Active High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2058 per share. This is a boost from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, February 2nd.

About PGIM Active High Yield Bond ETF

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.