PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Down 81.6% in February

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 528 shares, a drop of 81.6% from the February 12th total of 2,875 shares. Based on an average daily trading volume, of 3,224 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,224 shares, the short-interest ratio is currently 0.2 days.

PGIM Municipal Income Opportunities ETF Stock Performance

Shares of NYSEARCA PMIO remained flat at $51.33 during midday trading on Tuesday. 399 shares of the company’s stock were exchanged, compared to its average volume of 5,017. The company’s 50 day moving average price is $51.38 and its 200-day moving average price is $51.09. PGIM Municipal Income Opportunities ETF has a 12-month low of $48.80 and a 12-month high of $52.12.

PGIM Municipal Income Opportunities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1527 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust bought a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned about 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

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.