PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Large Increase in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 23,178 shares, a growth of 210.0% from the June 30th total of 7,476 shares. Based on an average daily trading volume, of 22,828 shares, the short-interest ratio is presently 1.0 days. Approximately 1.1% of the company’s shares are short sold.

Hedge Funds 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 bought a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 SEC filing.

PGIM Ultra Short Municipal Bond ETF Stock Performance

Shares of NYSEARCA:PUSH remained flat at $50.37 during midday trading on Tuesday. 14,351 shares of the company traded hands, compared to its average volume of 17,538. The firm has a fifty day moving average price of $50.41 and a two-hundred day moving average price of $50.49. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $50.25 and a 1-year high of $51.46.

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.