Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Grows By 143.3%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 53,133 shares, a growth of 143.3% from the December 31st total of 21,837 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 16,108 shares, the short-interest ratio is presently 3.3 days. Based on an average trading volume of 16,108 shares, the short-interest ratio is presently 3.3 days. Currently, 5.1% of the company’s stock are sold short.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

An institutional investor recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. Commonwealth Retirement Investments LLC purchased a new position in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,940 shares of the company’s stock, valued at approximately $954,000. Commonwealth Retirement Investments LLC owned 3.03% of PGIM Ultra Short Municipal Bond ETF as of its most recent filing with the Securities & Exchange Commission.

PGIM Ultra Short Municipal Bond ETF Stock Performance

PUSH remained flat at $50.66 on Friday. The company had a trading volume of 42,553 shares, compared to its average volume of 19,483. PGIM Ultra Short Municipal Bond ETF has a fifty-two week low of $49.87 and a fifty-two week high of $51.46. The company has a 50 day moving average price of $50.47 and a two-hundred day moving average price of $50.46.

PGIM Ultra Short Municipal Bond ETF Company Profile

The PGIM Ultra Short Municipal Bond ETF (PUSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund combines a top-down and bottom-up proprietary research to create a portfolio of investment grade, tax-exempt US municipal bonds. The fund aims to maintain a weighted average portfolio duration of two years or less. PUSH was launched on Jun 24, 2024 and is issued by PGIM.