Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) Sees Large Increase in Short Interest
by Jessica Moore · The Cerbat GemPalmer Square Credit Opportunities ETF (NYSEARCA:PSQO – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 31,798 shares, an increase of 217.9% from the April 15th total of 10,001 shares. Based on an average daily trading volume, of 40,377 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.
Palmer Square Credit Opportunities ETF Stock Up 0.0%
Shares of NYSEARCA PSQO traded up $0.01 during mid-day trading on Friday, hitting $20.77. The company had a trading volume of 126,098 shares, compared to its average volume of 95,224. Palmer Square Credit Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $21.03. The business’s 50-day simple moving average is $20.65 and its 200-day simple moving average is $20.69.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. FAS Wealth Partners Inc. raised its position in Palmer Square Credit Opportunities ETF by 226.3% in the fourth quarter. FAS Wealth Partners Inc. now owns 2,738 shares of the company’s stock worth $56,000 after purchasing an additional 1,899 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Palmer Square Credit Opportunities ETF in the fourth quarter worth about $72,000. Endeavor Private Wealth Inc. raised its position in Palmer Square Credit Opportunities ETF by 13.7% in the fourth quarter. Endeavor Private Wealth Inc. now owns 11,249 shares of the company’s stock worth $232,000 after purchasing an additional 1,353 shares in the last quarter. Providence Financial Advisors LLC acquired a new position in Palmer Square Credit Opportunities ETF in the third quarter worth about $283,000. Finally, Jane Street Group LLC acquired a new position in Palmer Square Credit Opportunities ETF in the second quarter worth about $402,000.
About Palmer Square Credit Opportunities ETF
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.