(PSH) PGIM Short Duration High - Ratings and Ratios

The PGIM Short Duration High Yield ETF (BATS:PSH) is an actively managed exchange-traded fund that focuses on investing in a diversified portfolio of high-yield, below-investment-grade fixed income securities, commonly known as junk bonds. The funds primary objective is to generate income by investing in a broad range of high-yield instruments, including corporate bonds and other debt securities that are rated below investment grade by a nationally recognized statistical rating organization (NRSRO) or considered to be of comparable quality by the subadviser.

By investing at least 80% of its assets in high-yield fixed income instruments, the fund provides exposure to a segment of the bond market that is typically characterized by higher yields and higher credit risk. The funds investment strategy is designed to balance yield and credit risk by diversifying its holdings across various issuers and industries. The subadvisers expertise in credit analysis and portfolio management plays a crucial role in identifying opportunities and managing risk.

Analyzing the funds technical data, we see that the current price is $50.28, slightly below its 52-week high of $50.30. The short-term and long-term moving averages (SMA20: $49.90, SMA50: $49.60, SMA200: $48.98) indicate a positive trend, suggesting that the fund has been performing well over the past year. The average true range (ATR) of $0.33, or 0.67%, indicates relatively low volatility. Considering the funds assets under management (AUM) of $48.54M USD, it appears to have a reasonable level of liquidity.

Based on the technical and fundamental data, a forecast for PSH could be constructed by analyzing the trends and relationships between the data points. Given the funds current price is near its 52-week high and the positive trend indicated by the moving averages, a potential forecast could be that PSH may continue to trade within a narrow range, potentially consolidating around the current price level before making its next move. However, considering the high-yield bond markets sensitivity to economic conditions and credit spreads, a widening of credit spreads or a downturn in economic conditions could negatively impact the funds performance. Conversely, a continued search for yield in a low-interest-rate environment could support the funds performance. Therefore, a potential price target could be in the range of $51.00 to $52.00 over the next 6-12 months, contingent on favorable market conditions.