PGIM Short Duration High Yield ETF (BATS:PSH) Shares Shorted: Short Interest Up 1,347.5% in October

PGIM Short Duration High Yield ETF (BATS:PSH) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 30,108 shares, a growth of 1,347.5% from the October 15th total of 2,080 shares. Based on an average daily trading volume, of 21,684 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the company’s stock are short sold.

PGIM Short Duration High Yield ETF Stock Performance

PGIM Short Duration High Yield ETF stock traded down $0.09 during trading hours on Tuesday, hitting $48.85. 12,242 shares of the stock traded hands, compared to its average volume of 27,775. The firm’s 50-day moving average price is $49.12 and its two-hundred day moving average price is $49.81. PGIM Short Duration High Yield ETF has a one year low of $48.62 and a one year high of $50.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of PGIM Short Duration High Yield ETF in the 2nd quarter valued at approximately $26,000. Evolve Private Wealth LLC bought a new stake in shares of PGIM Short Duration High Yield ETF during the second quarter valued at approximately $1,162,000. Almitas Capital LLC purchased a new stake in PGIM Short Duration High Yield ETF in the second quarter worth $5,977,000. EverSource Wealth Advisors LLC grew its stake in PGIM Short Duration High Yield ETF by 2.9% in the first quarter. EverSource Wealth Advisors LLC now owns 122,883 shares of the company’s stock worth $6,094,000 after purchasing an additional 3,471 shares during the period. Finally, IAG Wealth Partners LLC grew its stake in PGIM Short Duration High Yield ETF by 3.3% in the third quarter. IAG Wealth Partners LLC now owns 332,577 shares of the company’s stock worth $16,187,000 after purchasing an additional 10,764 shares during the period.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.