PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Short Interest Up 136.0% in April

by · The Cerbat Gem

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 125,889 shares, an increase of 136.0% from the April 15th total of 53,343 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 119,574 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Several institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its stake in PGIM Active High Yield Bond ETF by 64.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,725,000 shares of the company’s stock valued at $61,203,000 after acquiring an additional 675,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in PGIM Active High Yield Bond ETF by 32.5% in the third quarter. Envestnet Asset Management Inc. now owns 902,039 shares of the company’s stock valued at $32,248,000 after acquiring an additional 221,242 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in PGIM Active High Yield Bond ETF by 28.0% in the first quarter. PNC Financial Services Group Inc. now owns 723,228 shares of the company’s stock valued at $25,045,000 after acquiring an additional 158,344 shares in the last quarter. LPL Financial LLC boosted its stake in PGIM Active High Yield Bond ETF by 15.6% in the fourth quarter. LPL Financial LLC now owns 422,949 shares of the company’s stock valued at $15,006,000 after acquiring an additional 56,969 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in PGIM Active High Yield Bond ETF by 105.9% in the first quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock valued at $13,080,000 after acquiring an additional 194,237 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

PHYL traded down $0.16 during trading on Friday, hitting $34.93. The stock had a trading volume of 97,237 shares, compared to its average volume of 229,269. The company has a market capitalization of $1.26 billion, a PE ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a twelve month low of $34.47 and a twelve month high of $35.83. The stock has a 50 day simple moving average of $35.04 and a two-hundred day simple moving average of $35.35.

PGIM Active High Yield Bond ETF Company Profile

(Get Free Report)

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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