PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Update

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 162,407 shares, a drop of 54.2% from the June 30th total of 354,594 shares. Based on an average daily trading volume, of 2,269,241 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% during the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after purchasing an additional 1,631,142 shares during the period. Morgan Stanley increased its stake in PGIM Ultra Short Bond ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock valued at $820,801,000 after buying an additional 203,799 shares during the period. LPL Financial LLC raised its position in PGIM Ultra Short Bond ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after buying an additional 869,510 shares during the last quarter. Bank of America Corp DE raised its position in PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after buying an additional 215,246 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of PGIM Ultra Short Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock worth $385,530,000 after acquiring an additional 356,553 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

PULS stock traded up $0.02 during trading on Thursday, hitting $49.70. The company had a trading volume of 1,584,859 shares, compared to its average volume of 2,753,876. The firm has a market cap of $17.42 billion, a PE ratio of -23.89 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The firm has a 50-day moving average price of $49.63 and a 200-day moving average price of $49.65.

PGIM Ultra Short Bond ETF Company Profile

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. PULS was launched on Apr 5, 2018 and is managed by PGIM.