PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Sees Large Growth in Short Interest

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 42,905 shares, a growth of 678.7% from the May 14th total of 5,510 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 24,871 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On PGIM Short Duration Multi-Sector Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Team Financial Group LLC raised its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 5.4% in the 1st quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock valued at $10,224,000 after purchasing an additional 10,216 shares during the last quarter. Steel Grove Capital Advisors LLC raised its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock valued at $3,542,000 after purchasing an additional 29,778 shares during the last quarter. IFP Advisors Inc raised its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 30.8% in the 3rd quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock valued at $1,507,000 after purchasing an additional 6,879 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of PGIM Short Duration Multi-Sector Bond ETF by 149.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock valued at $599,000 after purchasing an additional 6,972 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of PGIM Short Duration Multi-Sector Bond ETF in the 1st quarter valued at approximately $398,000.

PGIM Short Duration Multi-Sector Bond ETF Stock Down 0.0%

Shares of PGIM Short Duration Multi-Sector Bond ETF stock opened at $50.94 on Thursday. The company has a 50 day moving average price of $51.13 and a 200 day moving average price of $51.36. PGIM Short Duration Multi-Sector Bond ETF has a 52 week low of $50.79 and a 52 week high of $52.03.

PGIM Short Duration Multi-Sector Bond ETF Company Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.