Short Interest in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Decreases By 54.2%

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 162,407 shares, a decline of 54.2% from the June 30th total of 354,594 shares. Based on an average daily volume of 2,269,241 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Scott Capital Advisors LLC acquired a new position in PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $595,000. AFG Fiduciary Services Limited Partnership lifted its position in PGIM Ultra Short Bond ETF by 6.9% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 273,342 shares of the company’s stock worth $13,550,000 after acquiring an additional 17,563 shares during the period. Valeo Financial Advisors LLC lifted its position in PGIM Ultra Short Bond ETF by 9.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 675,621 shares of the company’s stock worth $33,477,000 after acquiring an additional 58,712 shares during the period. Worth Asset Management LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 16.3% in the 2nd quarter. Worth Asset Management LLC now owns 15,998 shares of the company’s stock valued at $793,000 after purchasing an additional 2,237 shares during the last quarter. Finally, First Heartland Consultants Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 11.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 38,477 shares of the company’s stock valued at $1,907,000 after purchasing an additional 3,836 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock remained flat at $49.68 on Wednesday. The stock had a trading volume of 1,742,780 shares, compared to its average volume of 2,762,420. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The firm has a market cap of $17.41 billion, a PE ratio of -23.88 and a beta of 0.02. The business has a 50-day moving average price of $49.63 and a 200 day moving average price of $49.65.

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.