Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Expands By 165.3%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 772 shares, a growth of 165.3% from the January 15th total of 291 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,337 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 5,337 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

PGIM Municipal Income Opportunities ETF Trading Up 0.0%

NYSEARCA:PMIO traded up $0.02 on Thursday, hitting $51.47. 724 shares of the company’s stock traded hands, compared to its average volume of 5,697. PGIM Municipal Income Opportunities ETF has a 1 year low of $48.80 and a 1 year high of $51.99. The firm has a 50-day moving average price of $51.17 and a 200-day moving average price of $50.86.

PGIM Municipal Income Opportunities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.1738 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. This is a boost from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14.

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. First United Bank & Trust acquired a new stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in 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 about 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

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.