PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Significant Increase in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 177,690 shares, a growth of 88.4% from the July 15th total of 94,296 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 326,678 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hoxton Planning & Management LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 69.3% during the 1st quarter. Hoxton Planning & Management LLC now owns 37,391 shares of the company’s stock worth $1,295,000 after purchasing an additional 15,307 shares during the period. RFG Advisory LLC raised its position in PGIM Active High Yield Bond ETF by 145.1% in the 4th quarter. RFG Advisory LLC now owns 223,177 shares of the company’s stock worth $7,918,000 after purchasing an additional 132,135 shares during the period. KFA Private Wealth Group LLC purchased a new stake in PGIM Active High Yield Bond ETF in the 1st quarter worth about $4,891,000. Keenan LLC bought a new stake in PGIM Active High Yield Bond ETF in the fourth quarter worth about $2,114,000. Finally, Baer Investment Advisory LLC bought a new stake in PGIM Active High Yield Bond ETF in the first quarter worth about $1,606,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PGIM Active High Yield Bond ETF stock opened at $34.80 on Tuesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. The stock has a 50 day moving average price of $34.89 and a 200-day moving average price of $35.08. PGIM Active High Yield Bond ETF has a one year low of $34.44 and a one year high of $35.83.

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.