PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Decrease in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSHGet Free Report) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 25,200 shares, a drop of 45.0% from the January 29th total of 45,777 shares. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is currently 2.4 days. Approximately 2.3% of the company’s shares are short sold. Approximately 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is currently 2.4 days.

PGIM Ultra Short Municipal Bond ETF Trading Down 0.4%

Shares of PUSH stock traded down $0.18 during trading hours on Monday, hitting $50.60. 15,002 shares of the company were exchanged, compared to its average volume of 15,056. The firm has a fifty day moving average of $50.57 and a 200 day moving average of $50.50. PGIM Ultra Short Municipal Bond ETF has a 1 year low of $49.87 and a 1 year high of $51.46.

Hedge Funds 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. Commonwealth Retirement Investments LLC acquired a new position in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSHFree Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,940 shares of the company’s stock, valued at approximately $954,000. Commonwealth Retirement Investments LLC owned about 3.03% of PGIM Ultra Short Municipal Bond ETF as of its most recent SEC filing.

About PGIM Ultra Short Municipal Bond ETF

(Get Free Report)

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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