PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Strong Trading Volume – Here’s Why

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw an uptick in trading volume on Friday . 13,730,942 shares changed hands during trading, an increase of 402% from the previous session’s volume of 2,733,880 shares.The stock last traded at $49.58 and had previously closed at $49.58.

PGIM Ultra Short Bond ETF Price Performance

The firm has a market capitalization of $16.33 billion, a PE ratio of -23.83 and a beta of 0.02. The stock’s 50-day moving average price is $49.62 and its 200 day moving average price is $49.67.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Diversify Advisory Services LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 19.6% during the third quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock valued at $7,595,000 after purchasing an additional 25,105 shares in the last quarter. Seed Wealth Management Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 297.1% during the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock valued at $4,965,000 after purchasing an additional 74,905 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 6.2% during the third quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock valued at $28,738,000 after purchasing an additional 33,902 shares in the last quarter. BlueStem Wealth Partners LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 19.5% during the third quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock valued at $5,271,000 after purchasing an additional 17,289 shares in the last quarter. Finally, Embree Financial Group boosted its stake in shares of PGIM Ultra Short Bond ETF by 85.1% during the fourth quarter. Embree Financial Group now owns 442,084 shares of the company’s stock valued at $21,923,000 after purchasing an additional 203,209 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors.

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.