PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Down 68.4% in June

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 13,563 shares, a decline of 68.4% from the May 31st total of 42,905 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,782 shares, the days-to-cover ratio is currently 0.4 days.

PGIM Short Duration Multi-Sector Bond ETF Trading Up 0.0%

PGIM Short Duration Multi-Sector Bond ETF stock opened at $51.12 on Friday. PGIM Short Duration Multi-Sector Bond ETF has a 52 week low of $50.76 and a 52 week high of $52.03. The firm’s 50-day simple moving average is $51.11 and its 200 day simple moving average is $51.32.

Institutional Trading of PGIM Short Duration Multi-Sector Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Thoroughbred Financial Services LLC acquired a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF in the third quarter valued at approximately $241,000. IFP Advisors Inc lifted its stake in 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 buying an additional 6,879 shares in the last quarter. Team Financial Group LLC grew its holdings in PGIM Short Duration Multi-Sector Bond ETF by 9.5% during the 4th quarter. Team Financial Group LLC now owns 190,379 shares of the company’s stock valued at $9,799,000 after buying an additional 16,459 shares during the last quarter. Steel Grove Capital Advisors LLC grew its holdings in PGIM Short Duration Multi-Sector Bond ETF by 76.3% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock valued at $3,542,000 after buying an additional 29,778 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in PGIM Short Duration Multi-Sector Bond ETF during the first quarter worth $83,000.

About PGIM Short Duration Multi-Sector Bond ETF

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.