Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Rises By 88.4%
by Kim Johansen · The Markets DailyPGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 177,690 shares, a growth of 88.4% from the July 15th total of 94,296 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 326,678 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. KWB Wealth acquired a new stake in shares of PGIM Active High Yield Bond ETF during the 2nd quarter valued at $744,000. Mendota Financial Group LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 198.4% in the 2nd quarter. Mendota Financial Group LLC now owns 28,016 shares of the company’s stock worth $977,000 after acquiring an additional 18,626 shares during the last quarter. Sax Wealth Advisors LLC raised its position in shares of PGIM Active High Yield Bond ETF by 6.1% during the second quarter. Sax Wealth Advisors LLC now owns 110,347 shares of the company’s stock worth $3,821,000 after purchasing an additional 6,331 shares during the period. First Citizens Financial Corp raised its position in shares of PGIM Active High Yield Bond ETF by 14.3% during the second quarter. First Citizens Financial Corp now owns 73,581 shares of the company’s stock worth $2,567,000 after purchasing an additional 9,182 shares during the period. Finally, Town Capital LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the first quarter valued at $209,000.
PGIM Active High Yield Bond ETF Trading Down 0.1%
Shares of NYSEARCA PHYL traded down $0.04 during midday trading on Friday, reaching $34.84. The company’s stock had a trading volume of 73,604 shares, compared to its average volume of 206,286. The company has a 50 day moving average price of $34.89 and a 200 day moving average price of $35.09. PGIM Active High Yield Bond ETF has a one year low of $34.44 and a one year high of $35.83. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39.
About PGIM Active High Yield Bond ETF
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.