Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Declines By 65.7%

by · The Cerbat Gem

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 60,997 shares, a drop of 65.7% from the July 30th total of 177,690 shares. Based on an average daily trading volume, of 125,422 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in shares of PGIM Active High Yield Bond ETF in the second quarter worth about $26,000. Evolution Wealth Management Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at about $33,000. Anchor Investment Management LLC raised its holdings in PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after purchasing an additional 622 shares during the last quarter. Fifth Third Bancorp acquired a new stake in PGIM Active High Yield Bond ETF during the 1st quarter worth about $139,000. Finally, Global Retirement Partners LLC lifted its stake in PGIM Active High Yield Bond ETF by 7.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after buying an additional 305 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

PGIM Active High Yield Bond ETF stock traded down $0.10 during midday trading on Friday, hitting $34.78. The company’s stock had a trading volume of 91,640 shares, compared to its average volume of 200,962. PGIM Active High Yield Bond ETF has a 1-year low of $34.44 and a 1-year high of $35.83. The company has a 50-day moving average price of $34.86 and a two-hundred day moving average price of $35.04. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39.

About PGIM Active High Yield Bond ETF

(Get Free Report)

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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