PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 53,343 shares, a growth of 89.4% from the March 31st total of 28,157 shares. Based on an average daily volume of 182,507 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On PGIM Active High Yield Bond ETF
Several institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in PGIM Active High Yield Bond ETF in the 4th quarter valued at approximately $33,000. Montag A & Associates Inc. acquired a new stake in PGIM Active High Yield Bond ETF in the 3rd quarter valued at approximately $42,000. AE Wealth Management LLC raised its position in PGIM Active High Yield Bond ETF by 1,357.5% in 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. Finally, Stance Capital LLC acquired a new stake in PGIM Active High Yield Bond ETF in the 3rd quarter valued at approximately $70,000.
PGIM Active High Yield Bond ETF Price Performance
NYSEARCA:PHYL opened at $35.35 on Monday. PGIM Active High Yield Bond ETF has a fifty-two week low of $34.36 and a fifty-two week high of $35.83. The stock has a market capitalization of $1.27 billion, a PE ratio of 2.48 and a beta of 0.41. The business’s 50-day simple moving average is $35.14 and its 200-day simple moving average is $35.38.
PGIM Active High Yield Bond ETF Cuts Dividend
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.
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