PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Down 55.4% in June

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 354,594 shares, a drop of 55.4% from the June 15th total of 795,502 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,271,088 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PGIM Ultra Short Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its holdings in PGIM Ultra Short Bond ETF by 318.3% during the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after purchasing an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth approximately $330,000. Cerity Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter valued at $273,000. Betterment LLC boosted its stake in PGIM Ultra Short Bond ETF by 5.2% in the 2nd quarter. Betterment LLC now owns 32,714 shares of the company’s stock valued at $1,628,000 after buying an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in PGIM Ultra Short Bond ETF by 6.1% in the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after acquiring an additional 3,157 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS traded up $0.01 on Tuesday, reaching $49.61. 1,092,464 shares of the stock traded hands, compared to its average volume of 2,743,248. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of -23.85 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The stock’s 50-day moving average price is $49.62 and its 200-day moving average price is $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.