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

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 53,133 shares, a growth of 143.3% from the December 31st total of 21,837 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,108 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 16,108 shares, the days-to-cover ratio is presently 3.3 days. Approximately 5.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. Commonwealth Retirement Investments LLC bought a new position in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,940 shares of the company’s stock, valued at approximately $954,000. Commonwealth Retirement Investments LLC owned approximately 3.03% of PGIM Ultra Short Municipal Bond ETF as of its most recent SEC filing.

PGIM Ultra Short Municipal Bond ETF Price Performance

Shares of PGIM Ultra Short Municipal Bond ETF stock remained flat at $50.66 during mid-day trading on Friday. The company’s stock had a trading volume of 42,553 shares, compared to its average volume of 19,483. The company has a fifty day moving average price of $50.47 and a 200-day moving average price of $50.46. PGIM Ultra Short Municipal Bond ETF has a fifty-two week low of $49.87 and a fifty-two week high of $51.46.

About PGIM Ultra Short Municipal Bond ETF

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.