Short Interest in PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Expands By 81.3%

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 20,285 shares, an increase of 81.3% from the July 15th total of 11,186 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 34,222 shares, the short-interest ratio is currently 0.6 days.

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

A number of institutional investors have recently modified their holdings of PSDM. Sound Income Strategies LLC bought a new stake in shares of PGIM Short Duration Multi-Sector Bond ETF during the first quarter valued at approximately $83,000. Ascentis Independent Advisors bought a new position in PGIM Short Duration Multi-Sector Bond ETF in the first quarter worth approximately $398,000. Thoroughbred Financial Services LLC grew its stake in PGIM Short Duration Multi-Sector Bond ETF by 149.0% in the fourth quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock worth $599,000 after purchasing an additional 6,972 shares in the last quarter. Steel Grove Capital Advisors LLC grew its stake in PGIM Short Duration Multi-Sector Bond ETF by 76.3% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock worth $3,542,000 after purchasing an additional 29,778 shares in the last quarter. Finally, Team Financial Group LLC increased its holdings in PGIM Short Duration Multi-Sector Bond ETF by 5.4% during the 1st quarter. Team Financial Group LLC now owns 200,595 shares of the company’s stock worth $10,224,000 after purchasing an additional 10,216 shares during the period.

PGIM Short Duration Multi-Sector Bond ETF Price Performance

PSDM stock opened at $50.95 on Monday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $50.61 and a 12 month high of $52.03. The firm’s 50-day moving average is $50.93 and its 200 day moving average is $51.16.

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.