PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Up 156.4% in April

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 293,482 shares, a growth of 156.4% from the April 15th total of 114,447 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,814,217 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Hedge funds have recently bought and sold shares of the company. Modern Wealth Management LLC grew its position in PGIM Ultra Short Bond ETF by 2.5% during the 1st quarter. Modern Wealth Management LLC now owns 32,302 shares of the company’s stock worth $1,600,000 after acquiring an additional 789 shares during the last quarter. Lido Advisors LLC grew its position in PGIM Ultra Short Bond ETF by 12.9% during the 1st quarter. Lido Advisors LLC now owns 107,143 shares of the company’s stock worth $5,304,000 after acquiring an additional 12,272 shares during the last quarter. Cetera Investment Advisers grew its position in PGIM Ultra Short Bond ETF by 56.7% during the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after acquiring an additional 1,715,376 shares during the last quarter. Acumen Wealth Advisors LLC grew its position in PGIM Ultra Short Bond ETF by 2,724.8% during the 1st quarter. Acumen Wealth Advisors LLC now owns 64,858 shares of the company’s stock worth $3,221,000 after acquiring an additional 62,562 shares during the last quarter. Finally, Fortis Capital Management LLC bought a new stake in PGIM Ultra Short Bond ETF during the 1st quarter worth $11,511,000. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS remained flat at $49.63 during trading on Friday. 817,568 shares of the company’s stock were exchanged, compared to its average volume of 2,791,664. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The company has a 50 day moving average of $49.62 and a 200 day moving average of $49.68.

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.