PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Shares Shorted: Short Interest Down 75.7% in September

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 14,176 shares, a drop of 75.7% from the August 31st total of 58,224 shares. Based on an average daily volume of 44,957 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the stock are sold short.

PGIM Ultra Short Municipal Bond ETF Stock Performance

PGIM Ultra Short Municipal Bond ETF stock traded down $0.09 during trading on Friday, reaching $49.84. 57,136 shares of the company were exchanged, compared to its average volume of 22,774. PGIM Ultra Short Municipal Bond ETF has a 52-week low of $49.82 and a 52-week high of $51.46. The stock’s 50 day simple moving average is $50.30 and its two-hundred day simple moving average is $50.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC purchased a new stake in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned about 1.52% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent quarter.

About PGIM Ultra Short Municipal Bond ETF

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.