Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Large Increase in Short Interest

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,420 shares, an increase of 138.5% from the February 26th total of 8,983 shares. Based on an average daily volume of 29,516 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSQO. Advisory Resource Group lifted its stake in shares of Palmer Square Credit Opportunities ETF by 3.5% during the 3rd quarter. Advisory Resource Group now owns 869,072 shares of the company’s stock worth $17,903,000 after acquiring an additional 29,236 shares during the last quarter. Atwood & Palmer Inc. increased its stake in Palmer Square Credit Opportunities ETF by 2.2% in the third quarter. Atwood & Palmer Inc. now owns 1,835,964 shares of the company’s stock worth $37,821,000 after purchasing an additional 39,191 shares during the period. Lake Street Private Wealth LLC lifted its position in shares of Palmer Square Credit Opportunities ETF by 15.1% during the third quarter. Lake Street Private Wealth LLC now owns 494,976 shares of the company’s stock worth $10,197,000 after purchasing an additional 64,917 shares during the last quarter. Savvy Advisors Inc. lifted its position in shares of Palmer Square Credit Opportunities ETF by 419.6% during the third quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock worth $1,071,000 after purchasing an additional 41,973 shares during the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the third quarter valued at $601,000.

Palmer Square Credit Opportunities ETF Trading Down 0.1%

Shares of NYSEARCA:PSQO opened at $20.47 on Friday. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $20.90. The firm’s 50-day moving average is $20.67 and its 200 day moving average is $20.69.

About Palmer Square Credit Opportunities ETF

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.