Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,156 shares, a drop of 49.7% from the November 30th total of 26,156 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 36,738 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 36,738 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Mariner LLC boosted its holdings in shares of Palmer Square Credit Opportunities ETF by 974.7% in the 3rd quarter. Mariner LLC now owns 262,757 shares of the company’s stock valued at $5,413,000 after buying an additional 238,307 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in Palmer Square Credit Opportunities ETF by 15.1% in the third quarter. Lake Street Private Wealth LLC now owns 494,976 shares of the company’s stock valued at $10,197,000 after acquiring an additional 64,917 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Palmer Square Credit Opportunities ETF in the third quarter valued at $601,000. Providence Financial Advisors LLC acquired a new position in shares of Palmer Square Credit Opportunities ETF during the 3rd quarter worth about $283,000. Finally, Savvy Advisors Inc. raised its holdings in shares of Palmer Square Credit Opportunities ETF by 419.6% in the 3rd quarter. Savvy Advisors Inc. now owns 51,977 shares of the company’s stock valued at $1,071,000 after purchasing an additional 41,973 shares during the period.

Palmer Square Credit Opportunities ETF Stock Down 0.1%

Shares of NYSEARCA PSQO traded down $0.02 during mid-day trading on Friday, hitting $20.60. The company’s stock had a trading volume of 31,323 shares, compared to its average volume of 33,288. Palmer Square Credit Opportunities ETF has a one year low of $20.07 and a one year high of $20.90. The company’s fifty day simple moving average is $20.74 and its 200-day simple moving average is $20.66.

Palmer Square Credit Opportunities ETF Company Profile

(Get Free Report)

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.

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