PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Shares Shorted: Short Interest Down 57.6% in October

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,247 shares, a drop of 57.6% from the September 30th total of 12,370 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 99,179 shares, the short-interest ratio is presently 0.1 days.

PGIM Short Duration Multi-Sector Bond ETF Price Performance

BATS PSDM opened at $50.22 on Friday. The stock has a fifty day moving average of $50.40 and a 200-day moving average of $50.98. PGIM Short Duration Multi-Sector Bond ETF has a 52 week low of $49.97 and a 52 week high of $51.77.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Team Financial Group LLC lifted its holdings in PGIM Short Duration Multi-Sector Bond ETF by 20.4% in the third quarter. Team Financial Group LLC now owns 262,966 shares of the company’s stock valued at $13,148,000 after buying an additional 44,499 shares during the period. Ascentis Independent Advisors bought a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter valued at approximately $398,000. Finally, Sound Income Strategies LLC acquired a new stake in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter worth $83,000.

About PGIM Short Duration Multi-Sector Bond ETF

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.