Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Increases By 141.2%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 21,919 shares, a growth of 141.2% from the August 15th total of 9,086 shares. Based on an average daily volume of 4,338 shares, the days-to-cover ratio is currently 5.1 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC boosted its holdings in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) by 28.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,877 shares of the company’s stock after purchasing an additional 12,074 shares during the quarter. Mosaic Family Wealth Partners LLC owned about 6.12% of PGIM Municipal Income Opportunities ETF worth $2,721,000 at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Price Performance

PMIO traded down $0.05 during trading on Monday, reaching $49.57. The stock had a trading volume of 17,813 shares, compared to its average volume of 4,091. The stock’s 50 day moving average is $50.43 and its two-hundred day moving average is $50.79. PGIM Municipal Income Opportunities ETF has a one year low of $49.43 and a one year high of $52.12.

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.