PGIM Short Duration High Yield ETF (BATS:PSH) Stock Short Interest Climbs 1,347.5%

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 30,108 shares, a growth of 1,347.5% from the October 15th total of 2,080 shares. Based on an average daily volume of 21,684 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the company’s stock are sold short.

PGIM Short Duration High Yield ETF Price Performance

Shares of PGIM Short Duration High Yield ETF stock opened at $48.85 on Wednesday. PGIM Short Duration High Yield ETF has a fifty-two week low of $48.62 and a fifty-two week high of $50.75. The business has a 50-day moving average price of $49.12 and a 200 day moving average price of $49.81.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Evolve Private Wealth LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF during the 2nd quarter valued at approximately $1,162,000. Almitas Capital LLC acquired a new position in PGIM Short Duration High Yield ETF in the second quarter worth $5,977,000. IAG Wealth Partners LLC boosted its holdings in PGIM Short Duration High Yield ETF by 3.3% in the third quarter. IAG Wealth Partners LLC now owns 332,577 shares of the company’s stock worth $16,187,000 after purchasing an additional 10,764 shares during the period. Global Retirement Partners LLC bought a new stake in PGIM Short Duration High Yield ETF during the second quarter valued at $26,000. Finally, EverSource Wealth Advisors LLC increased its stake in PGIM Short Duration High Yield ETF by 2.9% during the first quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock valued at $6,094,000 after purchasing an additional 3,471 shares during the last quarter.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.