PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Down 55.4% in June

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 354,594 shares, a drop of 55.4% from the June 15th total of 795,502 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,271,088 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at about $25,000. Flagship Wealth Advisors LLC bought a new stake in shares of PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. Sound Income Strategies LLC grew its position in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in PGIM Ultra Short Bond ETF during the third quarter worth approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 513 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

PULS traded up $0.01 during trading on Wednesday, hitting $49.62. The stock had a trading volume of 1,927,829 shares, compared to its average volume of 2,749,395. The company has a 50 day moving average price of $49.62 and a 200-day moving average price of $49.65. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02.

PGIM Ultra Short Bond ETF Company Profile

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. PULS was launched on Apr 5, 2018 and is managed by PGIM.