PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Up 68.2% in March

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 888 shares, a growth of 68.2% from the February 26th total of 528 shares. Based on an average trading volume of 4,252 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust purchased a new stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Stock Down 0.0%

Shares of NYSEARCA:PMIO traded down $0.01 during mid-day trading on Friday, hitting $50.54. The stock had a trading volume of 2,416 shares, compared to its average volume of 4,436. The company’s 50 day moving average is $51.33 and its 200-day moving average is $51.14. 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 firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1527 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

PGIM Municipal Income Opportunities ETF Company Profile

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.