PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Decline in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 15,014 shares, a drop of 46.4% from the May 31st total of 28,013 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 15,513 shares, the short-interest ratio is presently 1.0 days.

PGIM Ultra Short Municipal Bond ETF Stock Down 0.1%

Shares of PGIM Ultra Short Municipal Bond ETF stock opened at $50.51 on Tuesday. The business has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $50.49. PGIM Ultra Short Municipal Bond ETF has a one year low of $50.21 and a one year high of $51.46.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

A hedge fund recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC bought a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the first quarter, according to its most recent filing with the SEC. The firm bought 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned approximately 1.52% of PGIM Ultra Short Municipal Bond ETF as of its most recent SEC filing.

PGIM Ultra Short Municipal Bond ETF Company Profile

The PGIM Ultra Short Municipal Bond ETF (PUSH) is an exchange-traded fund that mostly invests in investment grade 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 years or less. PUSH was launched on Jun 24, 2024 and is issued by PGIM.