PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Down 18.9% in December

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 108,000 shares, a decline of 18.9% from the December 15th total of 133,185 shares. Based on an average trading volume of 821,537 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 821,537 shares, the short-interest ratio is currently 0.1 days.

PGIM Active High Yield Bond ETF Trading Up 0.1%

NYSEARCA:PHYL opened at $35.71 on Tuesday. PGIM Active High Yield Bond ETF has a 1-year low of $32.98 and a 1-year high of $35.83. The stock has a market cap of $921.32 million, a P/E ratio of 2.48 and a beta of 0.40. The stock has a 50 day simple moving average of $35.48 and a 200 day simple moving average of $35.49.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC acquired a new position in PGIM Active High Yield Bond ETF during the second quarter worth about $26,000. Montag A & Associates Inc. bought a new stake in PGIM Active High Yield Bond ETF during the third quarter worth $42,000. AE Wealth Management LLC lifted its position in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares during the last quarter. Stance Capital LLC bought a new position in shares of PGIM Active High Yield Bond ETF during the 3rd quarter worth $70,000. Finally, Anchor Investment Management LLC increased its stake in shares of PGIM Active High Yield Bond ETF by 20.7% in the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after purchasing an additional 523 shares in the last quarter.

About PGIM Active High Yield Bond ETF

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.