Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Expands By 170.8%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,533 shares, a growth of 170.8% from the June 15th total of 2,043 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new stake in 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 (SEC). The institutional investor 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.

PGIM Municipal Income Opportunities ETF Trading Down 0.1%

PGIM Municipal Income Opportunities ETF stock opened at $50.92 on Tuesday. 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 $50.96 and its two-hundred day moving average is $51.09.

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.