PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Unusually-High Trading Volume – What’s Next?

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) shares saw unusually-strong trading volume on Monday . Approximately 332,239 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 123,617 shares.The stock last traded at $35.6550 and had previously closed at $35.63.

PGIM Active High Yield Bond ETF Stock Performance

The company has a market cap of $691.19 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. The business has a fifty day moving average price of $35.45 and a 200 day moving average price of $35.45.

Institutional Trading of PGIM Active High Yield Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of PGIM Active High Yield Bond ETF by 261.3% during the first quarter. Royal Bank of Canada now owns 8,719 shares of the company’s stock worth $304,000 after buying an additional 6,306 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in PGIM Active High Yield Bond ETF by 33.6% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 10,956 shares of the company’s stock worth $381,000 after acquiring an additional 2,757 shares during the last quarter. Jane Street Group LLC acquired a new position in PGIM Active High Yield Bond ETF in the 1st quarter worth about $216,000. Integrity Alliance LLC. increased its holdings in PGIM Active High Yield Bond ETF by 22.4% in the 1st quarter. Integrity Alliance LLC. now owns 18,203 shares of the company’s stock worth $634,000 after purchasing an additional 3,332 shares in the last quarter. Finally, Breakwater Capital Group boosted its stake in shares of PGIM Active High Yield Bond ETF by 95.8% during the second quarter. Breakwater Capital Group now owns 57,722 shares of the company’s stock valued at $2,049,000 after purchasing an additional 28,249 shares in the last quarter.

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.