Short Interest in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Rises By 81.7%
by Scott Moore · The Cerbat GemPalmer Square Credit Opportunities ETF (NYSEARCA:PSQO – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 38,921 shares, an increase of 81.7% from the March 15th total of 21,420 shares. Based on an average daily volume of 303,001 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On Palmer Square Credit Opportunities ETF
A number of institutional investors and hedge funds have recently bought and sold shares of PSQO. FAS Wealth Partners Inc. increased its position in Palmer Square Credit Opportunities ETF by 226.3% during the fourth quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock worth $56,000 after acquiring an additional 1,899 shares during the period. Elyxium Wealth LLC bought a new position in Palmer Square Credit Opportunities ETF during the fourth quarter worth $72,000. Endeavor Private Wealth Inc. bought a new position in Palmer Square Credit Opportunities ETF during the third quarter worth $204,000. Providence Financial Advisors LLC bought a new position in Palmer Square Credit Opportunities ETF during the third quarter worth $283,000. Finally, Jane Street Group LLC bought a new position in Palmer Square Credit Opportunities ETF during the second quarter worth $402,000.
Palmer Square Credit Opportunities ETF Price Performance
NYSEARCA:PSQO opened at $20.62 on Monday. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $20.90. The company’s 50 day moving average is $20.65 and its 200-day moving average is $20.68.
Palmer Square Credit Opportunities ETF Company Profile
The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.