Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Grows By 92.9%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,043 shares, an increase of 92.9% from the May 31st total of 1,059 shares. Based on an average daily trading volume, of 3,923 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

PGIM Municipal Income Opportunities ETF Stock Down 0.1%

PGIM Municipal Income Opportunities ETF stock traded down $0.07 during trading on Wednesday, reaching $51.01. 935 shares of the company’s stock were exchanged, compared to its average volume of 4,244. PGIM Municipal Income Opportunities ETF has a 52-week low of $49.52 and a 52-week high of $52.12. The company’s 50-day moving average is $50.95 and its two-hundred day moving average is $51.08.

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 position in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

About PGIM Municipal Income Opportunities ETF

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.