PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Update

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 114,447 shares, a decrease of 66.5% from the March 31st total of 341,652 shares. Based on an average daily trading volume, of 3,598,613 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of PGIM Ultra Short Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of PULS. JPMorgan Chase & Co. raised its stake in shares of PGIM Ultra Short Bond ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after purchasing an additional 4,065,547 shares during the last quarter. Bank of America Corp DE raised its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after purchasing an additional 942,934 shares during the last quarter. LPL Financial LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after purchasing an additional 869,510 shares during the last quarter. Finally, Blue Water Asset Management purchased a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $40,936,000. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.70 on Friday. The company has a market cap of $14.58 billion, a P/E ratio of -23.89 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.44 and a fifty-two week high of $49.84. The stock’s 50 day simple moving average is $49.64 and its 200 day simple moving average is $49.69.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1654 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio is -111.06%.

PGIM Ultra Short Bond ETF Company Profile

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.