PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Large Decline in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 49,626 shares, a drop of 33.5% from the February 26th total of 74,674 shares. Based on an average daily volume of 169,690 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL traded down $0.10 during trading hours on Friday, hitting $34.53. The stock had a trading volume of 180,834 shares, compared to its average volume of 272,858. The firm has a 50-day moving average price of $35.36 and a 200 day moving average price of $35.47. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.83. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1854 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

A number of institutional investors have recently modified their holdings of the business. Keenan LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter valued at about $2,114,000. EP Wealth Advisors LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth about $233,000. Claro Advisors Inc. raised its position in shares of PGIM Active High Yield Bond ETF by 25.0% during the 4th quarter. Claro Advisors Inc. now owns 21,861 shares of the company’s stock worth $776,000 after purchasing an additional 4,374 shares during the last quarter. Cetera Investment Advisers purchased a new position in PGIM Active High Yield Bond ETF in the 4th quarter valued at about $6,509,000. Finally, Hilltop Holdings Inc. lifted its stake in PGIM Active High Yield Bond ETF by 16.2% in the 4th quarter. Hilltop Holdings Inc. now owns 11,095 shares of the company’s stock valued at $394,000 after buying an additional 1,543 shares in the last quarter.

PGIM Active High Yield Bond ETF Company Profile

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.