PGIM Short Duration High Yield ETF (BATS:PSH – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,546 shares, a drop of 55.3% from the May 14th total of 16,890 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 27,076 shares, the short-interest ratio is presently 0.3 days.
PGIM Short Duration High Yield ETF Price Performance
Shares of PSH stock opened at $50.01 on Monday. PGIM Short Duration High Yield ETF has a 52-week low of $49.44 and a 52-week high of $51.51. The business has a 50-day simple moving average of $50.04 and a 200-day simple moving average of $50.23.
Hedge Funds Weigh In On PGIM Short Duration High Yield ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF in the fourth quarter worth approximately $57,000. IAG Wealth Partners LLC acquired a new position in PGIM Short Duration High Yield ETF in the 1st quarter valued at $113,000. Farther Finance Advisors LLC acquired a new position in PGIM Short Duration High Yield ETF in the 4th quarter valued at $137,000. EverSource Wealth Advisors LLC lifted its holdings in PGIM Short Duration High Yield ETF by 2.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 119,412 shares of the company’s stock valued at $6,014,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in PGIM Short Duration High Yield ETF by 296.1% in the 4th quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after purchasing an additional 2,999 shares in the last quarter.
PGIM Short Duration High Yield ETF Company Profile
The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.
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