Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Decreases By 35.7%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSHGet Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,635 shares, a drop of 35.7% from the April 15th total of 14,988 shares. Based on an average trading volume of 21,533 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the company’s shares are short sold.

PGIM Ultra Short Municipal Bond ETF Stock Up 0.0%

Shares of NYSEARCA PUSH traded up $0.02 during midday trading on Tuesday, reaching $50.35. 32,390 shares of the stock were exchanged, compared to its average volume of 18,043. PGIM Ultra Short Municipal Bond ETF has a twelve month low of $50.12 and a twelve month high of $51.46. The company has a 50 day simple moving average of $50.46 and a 200 day simple moving average of $50.48.

Hedge Funds Weigh In On PGIM Ultra Short Municipal Bond ETF

An institutional investor recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC bought a new position in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSHFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned 1.52% of PGIM Ultra Short Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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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