PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 125,889 shares, an increase of 136.0% from the April 15th total of 53,343 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 119,574 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the second quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new stake in PGIM Active High Yield Bond ETF in the fourth quarter valued at $33,000. Montag A & Associates Inc. acquired a new position in PGIM Active High Yield Bond ETF during the 3rd quarter worth $42,000. AE Wealth Management LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 1,357.5% in the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Stance Capital LLC acquired a new position in PGIM Active High Yield Bond ETF in the third quarter worth about $70,000.
PGIM Active High Yield Bond ETF Stock Performance
Shares of NYSEARCA:PHYL traded down $0.16 during midday trading on Friday, hitting $34.93. 97,237 shares of the company’s stock traded hands, compared to its average volume of 229,269. PGIM Active High Yield Bond ETF has a twelve month low of $34.47 and a twelve month high of $35.83. The company has a market cap of $1.26 billion, a PE ratio of 2.48 and a beta of 0.40. The firm’s fifty day moving average price is $35.04 and its two-hundred day moving average price is $35.35.
About PGIM Active High Yield Bond ETF
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.
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