PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Up 224.3% in July

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 526,647 shares, a growth of 224.3% from the July 15th total of 162,407 shares. Based on an average daily trading volume, of 2,821,373 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. Flagship Wealth Advisors LLC bought a new position in PGIM Ultra Short Bond ETF in the 1st quarter worth $25,000. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF during the 3rd quarter worth $30,000. Kingdom Financial Group LLC. bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter valued at about $32,000. Finally, Blue Trust Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 61.9% in the first quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock valued at $80,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock traded up $0.02 on Thursday, hitting $49.62. The company’s stock had a trading volume of 1,308,717 shares, compared to its average volume of 2,721,498. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The firm’s fifty day moving average price is $49.62 and its 200-day moving average price is $49.64.

PGIM Ultra Short Bond ETF Company Profile

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.