PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) Short Interest Up 678.7% in May

PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) saw a large growth in short interest in 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. Based on an average trading volume of 24,871 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.7% of the shares of the company are sold short.

Institutional Trading of PGIM Short Duration Multi-Sector Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. Team Financial Group LLC boosted its stake in 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 period. Ascentis Independent Advisors bought a new stake in PGIM Short Duration Multi-Sector Bond ETF in the 1st quarter valued at $398,000. Sound Income Strategies LLC bought a new stake in PGIM Short Duration Multi-Sector Bond ETF in the 1st quarter valued at $83,000. Thoroughbred Financial Services LLC boosted its stake in 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 period. Finally, Steel Grove Capital Advisors LLC boosted its stake in 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 period.

PGIM Short Duration Multi-Sector Bond ETF Trading Up 0.1%

Shares of BATS PSDM opened at $50.95 on Wednesday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $50.79 and a 12 month high of $52.03. The stock has a 50 day moving average of $51.13 and a 200-day moving average of $51.36.

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.