Short Interest in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Declines By 66.1%

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 23,000 shares, a drop of 66.1% from the August 15th total of 67,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 75,600 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 75,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the second quarter valued at about $26,000. Mendota Financial Group LLC bought a new stake in PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $53,000. Financial Network Wealth Advisors LLC increased its holdings in PGIM Active High Yield Bond ETF by 40.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $57,000 after acquiring an additional 469 shares during the period. Capital Analysts LLC purchased a new stake in PGIM Active High Yield Bond ETF in the 1st quarter worth approximately $131,000. Finally, Gen Wealth Partners Inc boosted its holdings in PGIM Active High Yield Bond ETF by 14.3% in the 1st quarter. Gen Wealth Partners Inc now owns 4,026 shares of the company’s stock valued at $140,000 after purchasing an additional 503 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA PHYL opened at $35.74 on Friday. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.84. The stock has a market cap of $427.09 million, a PE ratio of 2.48 and a beta of 0.45. The stock has a fifty day moving average of $35.44 and a 200-day moving average of $34.99.

PGIM Active High Yield Bond ETF Company Profile

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.