Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Sees Large Growth in Short Interest

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQAGet Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 74,129 shares, an increase of 154.6% from the July 15th total of 29,118 shares. Based on an average daily trading volume, of 150,184 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the company’s stock are sold short.

Palmer Square CLO Senior Debt ETF Stock Performance

Shares of Palmer Square CLO Senior Debt ETF stock opened at $20.63 on Friday. Palmer Square CLO Senior Debt ETF has a one year low of $19.90 and a one year high of $20.92. The stock’s 50-day moving average is $20.56 and its 200-day moving average is $20.55.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Several large investors have recently modified their holdings of the stock. Mariner LLC increased its stake 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 worth $24,860,000 after purchasing an additional 865,657 shares during the period. Ignite Planners LLC lifted its stake in shares of Palmer Square CLO Senior Debt ETF by 4.1% in the 4th quarter. Ignite Planners LLC now owns 276,526 shares of the company’s stock valued at $5,660,000 after acquiring an additional 10,931 shares during the last quarter. AE Wealth Management LLC bought a new position in Palmer Square CLO Senior Debt ETF in the 4th quarter valued at approximately $4,817,000. FAS Wealth Partners Inc. lifted its holdings in Palmer Square CLO Senior Debt ETF by 473.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock worth $2,234,000 after buying an additional 90,237 shares during the period. Finally, Canvas Wealth Advisors LLC acquired a new position in shares of Palmer Square CLO Senior Debt ETF in the 1st quarter worth approximately $944,000.

About Palmer Square CLO Senior Debt ETF

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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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