Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 29,118 shares, a growth of 179.9% from the June 30th total of 10,402 shares. Based on an average daily trading volume, of 59,995 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.
Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF
Several large investors have recently made changes to their positions in PSQA. FAS Wealth Partners Inc. boosted its stake in shares of Palmer Square CLO Senior Debt ETF by 473.7% in the first quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock worth $2,234,000 after acquiring an additional 90,237 shares during the period. Bull Harbor Capital LLC purchased a new position in Palmer Square CLO Senior Debt ETF in the 1st quarter worth approximately $422,000. Fifth Third Bancorp purchased a new position in Palmer Square CLO Senior Debt ETF in the 1st quarter worth approximately $30,000. Canvas Wealth Advisors LLC purchased a new stake in Palmer Square CLO Senior Debt ETF during the 1st quarter valued at approximately $944,000. Finally, Mariner LLC raised its position in shares of Palmer Square CLO Senior Debt ETF by 244.0% during the fourth quarter. Mariner LLC now owns 1,220,405 shares of the company’s stock valued at $24,860,000 after buying an additional 865,657 shares during the last quarter.
Palmer Square CLO Senior Debt ETF Price Performance
Shares of NYSEARCA PSQA remained flat at $20.55 during midday trading on Monday. 85,838 shares of the stock were exchanged, compared to its average volume of 66,163. Palmer Square CLO Senior Debt ETF has a 1 year low of $19.90 and a 1 year high of $20.92. The business’s 50-day simple moving average is $20.57 and its 200-day simple moving average is $20.53.
About Palmer Square CLO Senior Debt ETF
The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.
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