Short Interest in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Declines By 22.8%

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 25,421 shares, a decrease of 22.8% from the January 15th total of 32,929 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 55,305 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 55,305 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Palmer Square Credit Opportunities ETF Price Performance

Palmer Square Credit Opportunities ETF stock remained flat at $20.72 during mid-day trading on Tuesday. 30,476 shares of the company’s stock traded hands, compared to its average volume of 101,757. The business has a 50 day moving average of $20.70 and a 200 day moving average of $20.70. Palmer Square Credit Opportunities ETF has a 1-year low of $20.07 and a 1-year high of $20.90.

Institutional Trading of Palmer Square Credit Opportunities ETF

A number of hedge funds have recently modified their holdings of PSQO. Elyxium Wealth LLC purchased a new stake in Palmer Square Credit Opportunities ETF in the 4th quarter worth $72,000. Endeavor Private Wealth Inc. bought a new position in shares of Palmer Square Credit Opportunities ETF in the third quarter worth about $204,000. Savvy Advisors Inc. purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the second quarter worth about $205,000. Providence Financial Advisors LLC bought a new stake in Palmer Square Credit Opportunities ETF during the 3rd quarter valued at approximately $283,000. Finally, Jane Street Group LLC purchased a new position in Palmer Square Credit Opportunities ETF in the 2nd quarter worth approximately $402,000.

Palmer Square Credit Opportunities ETF Company Profile

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.