PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase

Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw strong trading volume on Monday . 5,710,399 shares traded hands during mid-day trading, an increase of 332% from the previous session’s volume of 1,321,641 shares.The stock last traded at $49.53 and had previously closed at $49.57.

PGIM Ultra Short Bond ETF Stock Down 0.0 %

The business’s 50 day simple moving average is $49.61 and its 200-day simple moving average is $49.60.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Several hedge funds have recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 51.8% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 19,730 shares of the company’s stock worth $981,000 after acquiring an additional 6,736 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 4.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 416,780 shares of the company’s stock worth $20,585,000 after acquiring an additional 16,264 shares during the period. ADAR1 Capital Management LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter worth $494,000. Wells Fargo & Company MN raised its holdings in shares of PGIM Ultra Short Bond ETF by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 3,706,189 shares of the company’s stock worth $183,049,000 after acquiring an additional 542,492 shares during the period. Finally, Ifrah Financial Services Inc. raised its holdings in shares of PGIM Ultra Short Bond ETF by 1.2% during the fourth quarter. Ifrah Financial Services Inc. now owns 110,271 shares of the company’s stock worth $5,446,000 after acquiring an additional 1,291 shares during the period.

About PGIM Ultra Short Bond ETF

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.