PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Strong Trading Volume – What’s Next?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw unusually-strong trading volume on Friday . Approximately 4,752,184 shares were traded during trading, an increase of 72% from the previous session’s volume of 2,762,469 shares.The stock last traded at $49.66 and had previously closed at $49.64.

PGIM Ultra Short Bond ETF Stock Up 0.0%

The business’s fifty day moving average is $49.63 and its 200-day moving average is $49.65. The stock has a market capitalization of $17.40 billion, a PE ratio of -23.87 and a beta of 0.02.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Several large investors have recently made changes to their positions in the business. Scott Capital Advisors LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $595,000. AFG Fiduciary Services Limited Partnership boosted its position in shares of PGIM Ultra Short Bond ETF by 6.9% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 273,342 shares of the company’s stock worth $13,550,000 after buying an additional 17,563 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 9.5% in the second quarter. Valeo Financial Advisors LLC now owns 675,621 shares of the company’s stock worth $33,477,000 after buying an additional 58,712 shares during the period. Worth Asset Management LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 16.3% in the second quarter. Worth Asset Management LLC now owns 15,998 shares of the company’s stock valued at $793,000 after buying an additional 2,237 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 11.1% in the second quarter. First Heartland Consultants Inc. now owns 38,477 shares of the company’s stock valued at $1,907,000 after buying an additional 3,836 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

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.