PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Sees Large Increase in Short Interest

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOGet Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,043 shares, an increase of 92.9% from the May 31st total of 1,059 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,923 shares, the short-interest ratio is currently 0.5 days.

PGIM Municipal Income Opportunities ETF Stock Up 0.0%

NYSEARCA PMIO traded up $0.02 on Thursday, hitting $51.11. 3,579 shares of the company were exchanged, compared to its average volume of 4,240. The stock has a fifty day moving average of $50.95 and a 200-day moving average of $51.08. PGIM Municipal Income Opportunities ETF has a 12 month low of $49.52 and a 12 month high of $52.12.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC raised its position in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOFree Report) by 28.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,877 shares of the company’s stock after buying an additional 12,074 shares during the period. Mosaic Family Wealth Partners LLC owned 6.12% of PGIM Municipal Income Opportunities ETF worth $2,721,000 as of its most recent filing with the SEC.

About PGIM Municipal Income Opportunities ETF

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The PGIM Municipal Income Opportunities ETF (PMIO) is an exchange-traded fund that mostly invests in broad credit 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 to eight years. PMIO was launched on Jun 14, 2024 and is issued by PGIM.

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