PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,014 shares, a drop of 46.4% from the May 31st total of 28,013 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 15,513 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF
A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC acquired a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned approximately 1.52% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent reporting period.
PGIM Ultra Short Municipal Bond ETF Stock Down 0.1%
Shares of NYSEARCA PUSH traded down $0.04 during trading on Thursday, hitting $50.38. 15,667 shares of the company traded hands, compared to its average volume of 17,220. The company has a 50-day moving average price of $50.42 and a 200-day moving average price of $50.49. PGIM Ultra Short Municipal Bond ETF has a 1 year low of $50.22 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.
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