Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Short Interest Update

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 107,487 shares, an increase of 56.3% from the August 15th total of 68,785 shares. Based on an average trading volume of 70,233 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ignite Planners LLC increased its position in Palmer Square CLO Senior Debt ETF by 4.1% in the 4th quarter. Ignite Planners LLC now owns 276,526 shares of the company’s stock valued at $5,660,000 after buying an additional 10,931 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of Palmer Square CLO Senior Debt ETF by 473.7% in the first quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock valued at $2,234,000 after purchasing an additional 90,237 shares during the last quarter. Canvas Wealth Advisors LLC bought a new position in shares of Palmer Square CLO Senior Debt ETF during the 1st quarter worth approximately $944,000. Bull Harbor Capital LLC purchased a new position in Palmer Square CLO Senior Debt ETF in the first quarter worth $422,000. Finally, Endeavor Private Wealth Inc. grew its position in Palmer Square CLO Senior Debt ETF by 18.6% during the second quarter. Endeavor Private Wealth Inc. now owns 16,488 shares of the company’s stock valued at $337,000 after buying an additional 2,580 shares during the period.

Palmer Square CLO Senior Debt ETF Price Performance

Palmer Square CLO Senior Debt ETF stock traded up $0.02 during trading hours on Thursday, hitting $20.77. The stock had a trading volume of 54,103 shares, compared to its average volume of 80,017. The business’s 50 day simple moving average is $20.63 and its 200-day simple moving average is $20.58. Palmer Square CLO Senior Debt ETF has a one year low of $19.90 and a one year high of $21.09.

Palmer Square CLO Senior Debt ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.1979 per share. This represents a $0.79 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, June 24th. This is a boost from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.18.

Palmer Square CLO Senior Debt ETF Company Profile

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.