PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Short Interest Up 214.3% in May

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 30,283 shares, a growth of 214.3% from the April 30th total of 9,635 shares. Based on an average trading volume of 25,666 shares, the short-interest ratio is presently 1.2 days. Approximately 1.8% of the shares of the stock are short sold.

Institutional Trading of PGIM Ultra Short Municipal Bond ETF

A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC bought a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned about 1.52% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent reporting period.

PGIM Ultra Short Municipal Bond ETF Stock Down 0.2%

NYSEARCA PUSH opened at $50.35 on Friday. PGIM Ultra Short Municipal Bond ETF has a 52-week low of $50.12 and a 52-week high of $51.46. The company has a fifty day moving average of $50.43 and a 200-day moving average of $50.48.

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.