PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Up 224.3% in July

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 526,647 shares, a growth of 224.3% from the July 15th total of 162,407 shares. Based on an average trading volume of 2,821,373 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after buying an additional 1,631,142 shares during the last quarter. Morgan Stanley lifted its stake in shares of PGIM Ultra Short Bond ETF by 1.2% during the fourth 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 lifted its stake in shares of PGIM Ultra Short Bond ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock valued at $552,837,000 after buying an additional 869,510 shares during the period. Bank of America Corp DE boosted its position in PGIM Ultra Short Bond ETF by 2.0% during the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after acquiring an additional 215,246 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in PGIM Ultra Short Bond ETF by 4.8% during the fourth 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 last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of PULS traded up $0.02 during trading hours on Friday, reaching $49.64. 1,742,600 shares of the company traded hands, compared to its average volume of 2,724,176. The stock has a market capitalization of $17.39 billion, a PE ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The stock has a fifty day simple moving average of $49.62 and a 200 day simple moving average of $49.64.

About PGIM Ultra Short Bond ETF

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.