PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 58,224 shares, a growth of 383.1% from the August 15th total of 12,052 shares. Based on an average daily volume of 35,713 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.7% of the company’s stock are sold short.
Hedge Funds Weigh In On PGIM Ultra Short Municipal Bond ETF
An institutional investor recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC acquired a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned about 1.52% of PGIM Ultra Short Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
PGIM Ultra Short Municipal Bond ETF Stock Performance
PUSH stock traded up $0.02 during mid-day trading on Friday, hitting $50.18. The stock had a trading volume of 25,685 shares, compared to its average volume of 21,001. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $50.14 and a 1-year high of $51.46. The company has a fifty day moving average of $50.37 and a 200 day moving average of $50.43.
PGIM Ultra Short Municipal Bond ETF Company Profile
The PGIM Ultra Short Municipal Bond ETF (PUSH) is an exchange-traded fund that mostly invests in investment grade 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 years or less. PUSH was launched on Jun 24, 2024 and is issued by PGIM.
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