PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 968,707 shares, a growth of 83.9% from the July 30th total of 526,647 shares. Based on an average trading volume of 2,272,290 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.
PGIM Ultra Short Bond ETF Stock Up 0.0%
Shares of PULS stock traded up $0.01 during trading on Friday, reaching $49.71. 7,798,767 shares of the company’s stock were exchanged, compared to its average volume of 2,729,177. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The firm’s fifty day moving average price is $49.63 and its 200-day moving average price is $49.64. The stock has a market capitalization of $17.42 billion, a PE ratio of -23.90 and a beta of 0.02.
Hedge Funds Weigh In On PGIM Ultra Short Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in PGIM Ultra Short Bond ETF by 56.7% in the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the period. Bank of America Corp DE increased its position in PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after buying an additional 1,647,341 shares during the period. Kensington Asset Management LLC increased its position in PGIM Ultra Short Bond ETF by 103.2% during the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after buying an additional 1,638,630 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% during the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after buying an additional 1,631,142 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 1,051.8% during the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after buying an additional 942,934 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.
About PGIM Ultra Short Bond ETF
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.
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