PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Short Interest Up 45.8% in April

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 14,988 shares, a growth of 45.8% from the March 31st total of 10,281 shares. Based on an average daily volume of 13,745 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold.

PGIM Ultra Short Municipal Bond ETF Stock Performance

PUSH stock traded down $0.16 during trading on Thursday, hitting $50.35. 17,181 shares of the stock traded hands, compared to its average volume of 16,727. PGIM Ultra Short Municipal Bond ETF has a 1 year low of $50.03 and a 1 year high of $51.46. The firm’s 50 day moving average is $50.52 and its two-hundred day moving average is $50.49.

About PGIM Ultra Short Municipal Bond ETF

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.