PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 125,889 shares, an increase of 136.0% from the April 15th total of 53,343 shares. Based on an average trading volume of 119,574 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PHYL. Royal Bank of Canada increased its stake in shares of PGIM Active High Yield Bond ETF by 261.3% during the 1st quarter. Royal Bank of Canada now owns 8,719 shares of the company’s stock valued at $304,000 after acquiring an additional 6,306 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter valued at about $216,000. MML Investors Services LLC increased its position in PGIM Active High Yield Bond ETF by 3.7% during the 2nd quarter. MML Investors Services LLC now owns 228,990 shares of the company’s stock worth $8,127,000 after purchasing an additional 8,259 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF during the 2nd quarter worth approximately $26,000. Finally, MBE Wealth Management LLC increased its position in PGIM Active High Yield Bond ETF by 2.1% during the 3rd quarter. MBE Wealth Management LLC now owns 21,069 shares of the company’s stock worth $753,000 after purchasing an additional 443 shares in the last quarter.
PGIM Active High Yield Bond ETF Trading Down 0.5%
Shares of NYSEARCA PHYL traded down $0.16 on Friday, reaching $34.93. 97,237 shares of the company traded hands, compared to its average volume of 229,269. PGIM Active High Yield Bond ETF has a fifty-two week low of $34.47 and a fifty-two week high of $35.83. The company has a 50 day moving average of $35.04 and a 200 day moving average of $35.35. The stock has a market capitalization of $1.26 billion, a PE ratio of 2.48 and a beta of 0.40.
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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