PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Sees Large Increase in Short Interest

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 29,539 shares, an increase of 181.9% from the September 30th total of 10,480 shares. Based on an average trading volume of 11,791 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the company’s stock are sold short.

PGIM Municipal Income Opportunities ETF Trading Down 0.2%

Shares of PGIM Municipal Income Opportunities ETF stock opened at $49.90 on Friday. The firm’s 50-day moving average is $49.48 and its two-hundred day moving average is $50.60. PGIM Municipal Income Opportunities ETF has a 1 year low of $47.76 and a 1 year high of $52.12.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. Team Financial Group LLC bought a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,287 shares of the company’s stock, valued at approximately $159,000. Team Financial Group LLC owned 0.27% of PGIM Municipal Income Opportunities ETF as of its most recent SEC filing.

About PGIM Municipal Income Opportunities ETF

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.