PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Stock Short Interest Drops 38.0%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 10,480 shares, a decline of 38.0% from the September 15th total of 16,898 shares. Based on an average daily trading volume, of 14,787 shares, the short-interest ratio is currently 0.7 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently raised its position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust boosted its holdings in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) by 69.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,475 shares of the company’s stock after acquiring an additional 8,400 shares during the period. First United Bank & Trust owned 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 at the end of the most recent reporting period.

PGIM Municipal Income Opportunities ETF Stock Performance

Shares of NYSEARCA:PMIO traded down $0.04 during trading on Friday, reaching $49.29. The stock had a trading volume of 1,703 shares, compared to its average volume of 5,240. The business has a fifty day moving average price of $49.62 and a 200-day moving average price of $50.42. PGIM Municipal Income Opportunities ETF has a 1-year low of $47.76 and a 1-year high of $52.12.

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.