PGIM Short Duration High Yield ETF (BATS:PSH) Short Interest Down 55.3% in May

PGIM Short Duration High Yield ETF (BATS:PSHGet Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 7,546 shares, a drop of 55.3% from the May 14th total of 16,890 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 27,076 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On PGIM Short Duration High Yield ETF

Several institutional investors and hedge funds have recently bought and sold shares of PSH. Flagship Harbor Advisors LLC purchased a new position in PGIM Short Duration High Yield ETF during the 4th quarter valued at about $57,000. IAG Wealth Partners LLC purchased a new position in PGIM Short Duration High Yield ETF during the 1st quarter valued at about $113,000. Farther Finance Advisors LLC purchased a new position in PGIM Short Duration High Yield ETF during the 4th quarter valued at about $137,000. Parallel Advisors LLC grew its stake in PGIM Short Duration High Yield ETF by 296.1% during the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of PGIM Short Duration High Yield ETF by 54.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock valued at $1,927,000 after buying an additional 13,425 shares during the last quarter.

PGIM Short Duration High Yield ETF Stock Up 0.1%

BATS:PSH opened at $50.01 on Friday. PGIM Short Duration High Yield ETF has a fifty-two week low of $49.44 and a fifty-two week high of $51.51. The stock’s 50-day moving average is $50.04 and its two-hundred day moving average is $50.23.

PGIM Short Duration High Yield ETF Company Profile

(Get Free Report)

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.

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