PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Short Interest Down 61.3% in July

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,961 shares, a decrease of 61.3% from the July 15th total of 23,178 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 18,163 shares, the short-interest ratio is presently 0.5 days.

PGIM Ultra Short Municipal Bond ETF Stock Performance

NYSEARCA:PUSH traded up $0.06 during midday trading on Friday, reaching $50.44. The stock had a trading volume of 11,573 shares, compared to its average volume of 18,782. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $50.25 and a 1-year high of $51.46. The firm’s fifty day simple moving average is $50.40 and its 200-day simple moving average is $50.47.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

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

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.