Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Large Increase in Short Interest
by Amy Steele · The Cerbat GemPalmer Square Credit Opportunities ETF (NYSEARCA:PSQO – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 72,930 shares, an increase of 129.4% from the April 30th total of 31,798 shares. Based on an average daily volume of 54,930 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are sold short.
Institutional Investors Weigh In On Palmer Square Credit Opportunities ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSQO. Jane Street Group LLC bought a new stake in Palmer Square Credit Opportunities ETF in the 2nd quarter valued at about $402,000. Savvy Advisors Inc. raised its stake in Palmer Square Credit Opportunities ETF by 419.6% in the 3rd quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock valued at $1,071,000 after acquiring an additional 41,973 shares during the period. Providence Financial Advisors LLC bought a new stake in Palmer Square Credit Opportunities ETF in the 3rd quarter valued at about $283,000. Redmont Wealth Advisors LLC bought a new stake in Palmer Square Credit Opportunities ETF in the 3rd quarter valued at about $601,000. Finally, Lake Street Private Wealth LLC raised its stake in Palmer Square Credit Opportunities ETF by 15.1% in the 3rd quarter. Lake Street Private Wealth LLC now owns 494,976 shares of the company’s stock valued at $10,197,000 after acquiring an additional 64,917 shares during the period.
Palmer Square Credit Opportunities ETF Price Performance
Shares of PSQO stock remained flat at $20.81 during trading hours on Tuesday. 50,691 shares of the stock traded hands, compared to its average volume of 90,074. The company’s 50-day moving average price is $20.68 and its two-hundred day moving average price is $20.70. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $21.03.
About Palmer Square Credit Opportunities ETF
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.