PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Update

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,059 shares, a decline of 38.6% from the May 14th total of 1,726 shares. Based on an average trading volume of 9,258 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

PGIM Municipal Income Opportunities ETF Price Performance

NYSEARCA PMIO traded up $0.02 during mid-day trading on Tuesday, reaching $51.11. The stock had a trading volume of 1,604 shares, compared to its average volume of 4,407. PGIM Municipal Income Opportunities ETF has a 1 year low of $49.52 and a 1 year high of $52.12. The company has a fifty day moving average price of $50.88 and a 200 day moving average price of $51.07.

Institutional Investors 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 bought a new position in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

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.