PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase – Here’s What Happened

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) shares saw unusually-high trading volume on Monday . Approximately 7,038,772 shares changed hands during trading, an increase of 156% from the previous session’s volume of 2,746,815 shares.The stock last traded at $49.61 and had previously closed at $49.60.

PGIM Ultra Short Bond ETF Trading Up 0.0%

The firm has a market cap of $14.56 billion, a price-to-earnings ratio of -23.85 and a beta of 0.01. The stock’s 50 day moving average is $49.64 and its 200 day moving average is $49.69.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1654 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is -111.06%.

Institutional Trading of PGIM Ultra Short Bond ETF

Several institutional investors have recently added to or reduced their stakes in PULS. Sound Income Strategies LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth $30,000. Rossby Financial LCC bought a new position in shares of PGIM Ultra Short Bond ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares in the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth about $32,000. 72.71% of the stock is currently owned by institutional investors.

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.