Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Increases By 698.0%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 133,185 shares, an increase of 698.0% from the November 30th total of 16,690 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 94,847 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 94,847 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the shares of the company are short sold.

PGIM Active High Yield Bond ETF Stock Performance

PGIM Active High Yield Bond ETF stock traded up $0.08 during midday trading on Thursday, hitting $35.63. 65,853 shares of the company were exchanged, compared to its average volume of 123,699. The business has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $35.44. The firm has a market capitalization of $690.51 million, a PE ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.83.

Institutional Trading of PGIM Active High Yield Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. MBE Wealth Management LLC raised its position in PGIM Active High Yield Bond ETF by 2.1% in the third quarter. MBE Wealth Management LLC now owns 21,069 shares of the company’s stock valued at $753,000 after purchasing an additional 443 shares during the period. Anchor Investment Management LLC lifted its position in PGIM Active High Yield Bond ETF by 20.7% in the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after buying an additional 523 shares during the last quarter. PFW Advisors LLC lifted its position in PGIM Active High Yield Bond ETF by 0.5% in the third quarter. PFW Advisors LLC now owns 131,832 shares of the company’s stock valued at $4,713,000 after buying an additional 596 shares during the last quarter. Mendota Financial Group LLC increased its holdings in PGIM Active High Yield Bond ETF by 14.6% in the 3rd quarter. Mendota Financial Group LLC now owns 4,676 shares of the company’s stock valued at $167,000 after purchasing an additional 597 shares during the last quarter. Finally, PFG Advisors grew its stake in shares of PGIM Active High Yield Bond ETF by 6.9% in the third quarter. PFG Advisors now owns 9,368 shares of the company’s stock valued at $335,000 after buying an additional 608 shares in the last quarter.

PGIM Active High Yield Bond ETF Company Profile

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.