PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Up 81.3% in July

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 20,285 shares, a growth of 81.3% from the July 15th total of 11,186 shares. Based on an average trading volume of 34,222 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On PGIM Short Duration Multi-Sector Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter valued at about $83,000. Thoroughbred Financial Services LLC raised its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 149.0% during the 4th quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock worth $599,000 after purchasing an additional 6,972 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter valued at about $398,000. Team Financial Group LLC lifted its holdings in shares of PGIM Short Duration Multi-Sector Bond ETF by 5.4% during the 1st quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock valued at $10,224,000 after buying an additional 10,216 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC grew its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock valued at $3,542,000 after buying an additional 29,778 shares in the last quarter.

PGIM Short Duration Multi-Sector Bond ETF Stock Up 0.0%

Shares of BATS PSDM opened at $50.95 on Friday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $50.61 and a 12 month high of $52.03. The business has a fifty day simple moving average of $50.93 and a 200-day simple moving average of $51.16.

PGIM Short Duration Multi-Sector Bond ETF Company Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.