PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 177,690 shares, a growth of 88.4% from the July 15th total of 94,296 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 326,678 shares, the short-interest ratio is currently 0.5 days.
PGIM Active High Yield Bond ETF Trading Down 0.1%
NYSEARCA:PHYL traded down $0.04 during midday trading on Friday, hitting $34.84. 73,604 shares of the stock were exchanged, compared to its average volume of 206,286. PGIM Active High Yield Bond ETF has a one year low of $34.44 and a one year high of $35.83. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. The business has a 50-day moving average price of $34.89 and a two-hundred day moving average price of $35.09.
Hedge Funds Weigh In On PGIM Active High Yield Bond ETF
Several hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the second quarter valued at $26,000. Evolution Wealth Management Inc. acquired a new position in PGIM Active High Yield Bond ETF during the fourth quarter worth about $33,000. Anchor Investment Management LLC grew its holdings in PGIM Active High Yield Bond ETF by 20.3% during the first quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after acquiring an additional 622 shares during the period. Fifth Third Bancorp bought a new stake in PGIM Active High Yield Bond ETF in the first quarter worth about $139,000. Finally, Global Retirement Partners LLC raised its position in PGIM Active High Yield Bond ETF by 7.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock worth $160,000 after acquiring an additional 305 shares in the last quarter.
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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