Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Large Decline in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 11,042 shares, a decline of 57.0% from the February 26th total of 25,686 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 44,107 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Palmer Square CLO Senior Debt ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSQA. Farther Finance Advisors LLC acquired a new position in shares of Palmer Square CLO Senior Debt ETF during the fourth quarter worth about $193,000. Endeavor Private Wealth Inc. acquired a new stake in Palmer Square CLO Senior Debt ETF in the third quarter valued at about $201,000. FAS Wealth Partners Inc. purchased a new stake in Palmer Square CLO Senior Debt ETF in the 2nd quarter valued at approximately $208,000. Jane Street Group LLC acquired a new position in Palmer Square CLO Senior Debt ETF during the 2nd quarter worth approximately $211,000. Finally, Weaver Consulting Group acquired a new position in Palmer Square CLO Senior Debt ETF during the 3rd quarter worth approximately $233,000.

Palmer Square CLO Senior Debt ETF Trading Up 0.2%

PSQA stock traded up $0.05 during mid-day trading on Friday, hitting $20.44. 79,419 shares of the company were exchanged, compared to its average volume of 56,038. The business has a fifty day simple moving average of $20.51 and a 200-day simple moving average of $20.47. Palmer Square CLO Senior Debt ETF has a 12-month low of $20.05 and a 12-month high of $20.68.

About Palmer Square CLO Senior Debt ETF

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.