Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Stock Short Interest Drops 93.2%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 6,907 shares, a decrease of 93.2% from the September 30th total of 102,021 shares. Based on an average trading volume of 46,199 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Palmer Square Credit Opportunities ETF Stock Down 0.0%

Shares of NYSEARCA PSQO traded down $0.01 during trading on Tuesday, hitting $20.62. 7,934 shares of the company were exchanged, compared to its average volume of 73,545. The company has a fifty day moving average price of $20.72 and a 200-day moving average price of $20.71. Palmer Square Credit Opportunities ETF has a 12-month low of $19.76 and a 12-month high of $21.53.

Palmer Square Credit Opportunities ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.2675 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Trading of Palmer Square Credit Opportunities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PSQO. Prime Capital Investment Advisors LLC grew its stake in Palmer Square Credit Opportunities ETF by 4.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,511,479 shares of the company’s stock worth $51,636,000 after purchasing an additional 118,231 shares in the last quarter. Atwood & Palmer Inc. raised its position in Palmer Square Credit Opportunities ETF by 5.1% in the 3rd quarter. Atwood & Palmer Inc. now owns 2,153,188 shares of the company’s stock valued at $44,270,000 after purchasing an additional 104,210 shares in the last quarter. Lake Street Private Wealth LLC raised its position in Palmer Square Credit Opportunities ETF by 7.4% in the 3rd quarter. Lake Street Private Wealth LLC now owns 718,580 shares of the company’s stock valued at $14,774,000 after purchasing an additional 49,575 shares in the last quarter. Wavvest Wealth LLC acquired a new stake in Palmer Square Credit Opportunities ETF in the 3rd quarter valued at about $714,000. Finally, Endeavor Private Wealth Inc. boosted its stake in shares of Palmer Square Credit Opportunities ETF by 20.1% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock valued at $338,000 after buying an additional 2,734 shares during the period.

Palmer Square Credit Opportunities ETF Company Profile

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.