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

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 293,482 shares, an increase of 156.4% from the April 15th total of 114,447 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,814,217 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

A number of institutional investors have recently modified their holdings of PULS. Anchor Investment Management LLC purchased a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. Sound Income Strategies LLC grew its holdings in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after purchasing an additional 525 shares during the period. Turim 21 Investimentos Ltda. purchased a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at approximately $30,000. Rossby Financial LCC purchased a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS remained flat at $49.63 during trading on Friday. 2,077,032 shares of the stock were exchanged, compared to its average volume of 2,806,658. The firm’s fifty day moving average is $49.62 and its two-hundred day moving average is $49.68. The firm has a market cap of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84.

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.