PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Large Growth in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 58,224 shares, a growth of 383.1% from the August 15th total of 12,052 shares. Based on an average trading volume of 35,713 shares, the short-interest ratio is presently 1.6 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC acquired a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned 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 Performance

PGIM Ultra Short Municipal Bond ETF stock traded up $0.03 during mid-day trading on Friday, hitting $50.19. The company’s stock had a trading volume of 14,897 shares, compared to its average volume of 20,933. The company has a 50 day moving average of $50.37 and a 200-day moving average of $50.43. PGIM Ultra Short Municipal Bond ETF has a one year low of $50.14 and a one year high of $51.46.

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.