PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Update

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 63,704 shares, a decrease of 41.0% from the December 31st total of 108,000 shares. Based on an average daily trading volume, of 772,122 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 772,122 shares, the days-to-cover ratio is presently 0.1 days.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA:PHYL traded up $0.01 during midday trading on Friday, hitting $35.70. The company’s stock had a trading volume of 100,922 shares, compared to its average volume of 457,376. The company has a market cap of $921.06 million, a P/E ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 12-month low of $32.98 and a 12-month high of $35.83. The business’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $35.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PHYL. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the second quarter valued at approximately $26,000. Montag A & Associates Inc. acquired a new position in PGIM Active High Yield Bond ETF during the third quarter worth $42,000. AE Wealth Management LLC grew its holdings in PGIM Active High Yield Bond ETF by 1,357.5% in the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares in the last quarter. Stance Capital LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter worth $70,000. Finally, Anchor Investment Management LLC raised its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after acquiring an additional 523 shares during the period.

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.