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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 222,908 shares, an increase of 181.8% from the August 31st total of 79,090 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 200,400 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC increased its holdings in shares of PGIM Active High Yield Bond ETF by 69.3% in the first quarter. Hoxton Planning & Management LLC now owns 37,391 shares of the company’s stock valued at $1,295,000 after purchasing an additional 15,307 shares during the period. MRA Advisory Group raised its stake in shares of PGIM Active High Yield Bond ETF by 47.2% in the first quarter. MRA Advisory Group now owns 51,714 shares of the company’s stock worth $1,791,000 after purchasing an additional 16,589 shares during the last quarter. KFA Private Wealth Group LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the first quarter worth about $4,891,000. Keenan LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth about $2,114,000. Finally, Baer Investment Advisory LLC purchased a new stake in PGIM Active High Yield Bond ETF in the first quarter valued at approximately $1,606,000.

PGIM Active High Yield Bond ETF Trading Up 0.1%

Shares of NYSEARCA PHYL traded up $0.02 during midday trading on Friday, reaching $33.95. The company had a trading volume of 140,176 shares, compared to its average volume of 198,490. PGIM Active High Yield Bond ETF has a 1 year low of $33.84 and a 1 year high of $35.77. The business’s 50-day simple moving average is $34.59 and its 200 day simple moving average is $34.87. The stock has a market cap of $1.42 billion, a P/E 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.