Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Rises By 95.5%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 10,817 shares, a growth of 95.5% from the June 30th total of 5,533 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,530 shares, the short-interest ratio is currently 4.3 days.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned approximately 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Trading Down 0.4%

Shares of NYSEARCA:PMIO traded down $0.18 on Friday, hitting $50.21. 332 shares of the company’s stock were exchanged, compared to its average volume of 3,947. The firm’s 50-day moving average is $50.93 and its 200 day moving average is $51.04. PGIM Municipal Income Opportunities ETF has a 1-year low of $49.77 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.