Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Decreases By 45.0%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 25,200 shares, a drop of 45.0% from the January 29th total of 45,777 shares. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is presently 2.4 days. Approximately 2.3% of the company’s stock are short sold. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is presently 2.4 days.

PGIM Ultra Short Municipal Bond ETF Stock Up 0.1%

Shares of PUSH stock traded up $0.04 during midday trading on Friday, reaching $50.78. 14,275 shares of the stock were exchanged, compared to its average volume of 15,066. PGIM Ultra Short Municipal Bond ETF has a 1 year low of $49.87 and a 1 year high of $51.46. The company’s 50 day moving average is $50.57 and its two-hundred day moving average is $50.50.

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. Commonwealth Retirement Investments LLC bought a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,940 shares of the company’s stock, valued at approximately $954,000. Commonwealth Retirement Investments LLC owned 3.03% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent reporting period.

About PGIM Ultra Short Municipal Bond ETF

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.