PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Up 68.2% in March

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 888 shares, an increase of 68.2% from the February 26th total of 528 shares. Based on an average daily volume of 4,252 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

PGIM Municipal Income Opportunities ETF Stock Performance

NYSEARCA PMIO traded down $0.01 on Friday, reaching $50.54. 2,416 shares of the stock traded hands, compared to its average volume of 4,436. PGIM Municipal Income Opportunities ETF has a 12 month low of $48.80 and a 12 month high of $52.12. The firm’s fifty day simple moving average is $51.33 and its 200 day simple moving average is $51.14.

PGIM Municipal Income Opportunities ETF Cuts Dividend

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

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC acquired a new stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,803 shares of the company’s stock, valued at approximately $2,132,000. Mosaic Family Wealth Partners LLC owned approximately 5.73% 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.