PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Down 38.0% in December

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 279,329 shares, a decrease of 38.0% from the November 30th total of 450,343 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,375,175 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 2,375,175 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

A number of large investors have recently bought and sold shares of PULS. Temasek Holdings Private Ltd acquired a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at about $250,500,000. JPMorgan Chase & Co. raised its stake in shares of PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after buying an additional 4,065,547 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after buying an additional 2,999,297 shares during the period. Bank of America Corp DE boosted its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after buying an additional 1,647,341 shares in the last quarter. Finally, Horizon Wealth Management LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the second quarter valued at approximately $62,497,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock traded up $0.01 during midday trading on Monday, hitting $49.80. The company had a trading volume of 1,855,969 shares, compared to its average volume of 2,339,427. The company’s 50 day simple moving average is $49.73 and its 200 day simple moving average is $49.72. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.84. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of -23.94 and a beta of 0.01.

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.