PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 222,908 shares, a growth of 181.8% from the August 31st total of 79,090 shares. Based on an average daily trading volume, of 200,400 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the shares of the company are short sold.
PGIM Active High Yield Bond ETF Stock Up 0.1%
PGIM Active High Yield Bond ETF stock traded up $0.02 on Friday, hitting $33.95. The company’s stock had a trading volume of 140,176 shares, compared to its average volume of 198,490. The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39. The company has a fifty day moving average price of $34.59 and a 200-day moving average price of $34.87. PGIM Active High Yield Bond ETF has a one year low of $33.84 and a one year high of $35.77.
Institutional Trading of PGIM Active High Yield Bond ETF
Several institutional investors have recently made changes to their positions in PHYL. Envestnet Asset Management Inc. raised its position in PGIM Active High Yield Bond ETF by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,515,098 shares of the company’s stock worth $52,847,000 after purchasing an additional 155,091 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in PGIM Active High Yield Bond ETF by 28.0% during the first quarter. PNC Financial Services Group Inc. now owns 723,228 shares of the company’s stock valued at $25,045,000 after purchasing an additional 158,344 shares in the last quarter. Capital Analysts LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 14.5% in the 2nd quarter. Capital Analysts LLC now owns 558,617 shares of the company’s stock valued at $19,484,000 after purchasing an additional 70,954 shares during the period. Cetera Investment Advisers grew its stake in shares of PGIM Active High Yield Bond ETF by 105.9% in the 1st quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock valued at $13,080,000 after purchasing an additional 194,237 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of PGIM Active High Yield Bond ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 327,513 shares of the company’s stock valued at $11,342,000 after purchasing an additional 37,804 shares during the period.
About PGIM Active High Yield Bond ETF
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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