Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Declines By 38.6%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,059 shares, a decrease of 38.6% from the May 14th total of 1,726 shares. Based on an average daily volume of 9,258 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

PGIM Municipal Income Opportunities ETF Stock Performance

Shares of PMIO opened at $51.03 on Monday. PGIM Municipal Income Opportunities ETF has a 12 month low of $49.52 and a 12 month high of $52.12. The stock has a fifty day moving average price of $50.86 and a 200-day moving average price of $51.08.

Institutional Trading of PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned about 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Company Profile

The PGIM Municipal Income Opportunities ETF (PMIO) is an exchange-traded fund that mostly invests in broad credit 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 to eight years. PMIO was launched on Jun 14, 2024 and is issued by PGIM.