Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Expands By 141.2%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 21,919 shares, a growth of 141.2% from the August 15th total of 9,086 shares. Based on an average trading volume of 4,338 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.2% of the shares of the company are short sold.

PGIM Municipal Income Opportunities ETF Trading Down 0.0%

NYSEARCA PMIO traded down $0.00 on Tuesday, reaching $49.57. 3,567 shares of the company’s stock traded hands, compared to its average volume of 4,088. PGIM Municipal Income Opportunities ETF has a fifty-two week low of $49.43 and a fifty-two week high of $52.12. The stock has a 50 day moving average price of $50.40 and a 200-day moving average price of $50.78.

Institutional Trading of PGIM Municipal Income Opportunities ETF

An institutional investor recently raised its stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust boosted its stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) by 69.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,475 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. First United Bank & Trust owned 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 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.