PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Significant Increase in Short Interest

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 74,674 shares, a growth of 74.2% from the February 12th total of 42,873 shares. Based on an average trading volume of 200,717 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 200,717 shares, the days-to-cover ratio is presently 0.4 days.

PGIM Active High Yield Bond ETF Trading Down 0.3%

PGIM Active High Yield Bond ETF stock traded down $0.11 during mid-day trading on Friday, hitting $34.78. The stock had a trading volume of 67,875 shares, compared to its average volume of 298,554. The stock has a 50-day simple moving average of $35.54 and a two-hundred day simple moving average of $35.53. The stock has a market capitalization of $1.24 billion, a PE 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.

PGIM Active High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1854 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Advisors LLC boosted its stake in PGIM Active High Yield Bond ETF by 13.1% in the third quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock valued at $11,463,000 after acquiring an additional 37,113 shares during the last quarter. Advisory Resource Group raised its position in shares of PGIM Active High Yield Bond ETF by 6.2% during the 2nd quarter. Advisory Resource Group now owns 122,821 shares of the company’s stock valued at $4,359,000 after acquiring an additional 7,135 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of PGIM Active High Yield Bond ETF by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock valued at $66,656,000 after purchasing an additional 469,822 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at $783,000. Finally, Sax Wealth Advisors LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 43.0% in the 3rd quarter. Sax Wealth Advisors LLC now owns 89,832 shares of the company’s stock worth $3,211,000 after purchasing an additional 27,027 shares during 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.