PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Short Interest Down 46.4% in June

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 15,014 shares, a decline of 46.4% from the May 31st total of 28,013 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 15,513 shares, the short-interest ratio is presently 1.0 days.

PGIM Ultra Short Municipal Bond ETF Price Performance

PUSH remained flat at $50.42 on Wednesday. 21,258 shares of the company traded hands, compared to its average volume of 17,233. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $50.21 and a 1-year high of $51.46. The company has a 50 day moving average of $50.42 and a 200-day moving average of $50.49.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

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

PGIM Ultra Short Municipal Bond ETF Company Profile

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.