PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Update

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 772 shares, a growth of 165.3% from the January 15th total of 291 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,337 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 5,337 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

PGIM Municipal Income Opportunities ETF Stock Up 0.1%

Shares of PMIO traded up $0.03 during mid-day trading on Friday, hitting $51.56. 241 shares of the stock were exchanged, compared to its average volume of 5,581. The firm has a 50-day moving average of $51.19 and a two-hundred day moving average of $50.87. PGIM Municipal Income Opportunities ETF has a 52-week low of $48.80 and a 52-week high of $51.99.

PGIM Municipal Income Opportunities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1738 per share. This represents a c) annualized dividend and a yield of 4.0%. This is a positive change from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC bought a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 41,803 shares of the company’s stock, valued at approximately $2,132,000. Mosaic Family Wealth Partners LLC owned about 5.73% of PGIM Municipal Income Opportunities ETF as of its most recent filing with the Securities and Exchange Commission.

About PGIM Municipal Income Opportunities ETF

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.