PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Down 81.6% in February

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 528 shares, a drop of 81.6% from the February 12th total of 2,875 shares. Based on an average daily volume of 3,224 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,224 shares, the days-to-cover ratio is currently 0.2 days.

PGIM Municipal Income Opportunities ETF Stock Performance

Shares of NYSEARCA PMIO remained flat at $51.33 during midday trading on Tuesday. 399 shares of the stock were exchanged, compared to its average volume of 5,017. The stock’s fifty day moving average price is $51.38 and its 200 day moving average price is $51.09. PGIM Municipal Income Opportunities ETF has a 52 week low of $48.80 and a 52 week high of $52.12.

PGIM Municipal Income Opportunities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1527 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust bought a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

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.