PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Significant Growth in Short Interest

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 968,707 shares, an increase of 83.9% from the July 30th total of 526,647 shares. Based on an average daily trading volume, of 2,272,290 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA PULS opened at $49.54 on Tuesday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The company has a market cap of $17.36 billion, a PE ratio of -23.82 and a beta of 0.02. The business has a 50-day simple moving average of $49.63 and a two-hundred day simple moving average of $49.63.

Institutional Trading of PGIM Ultra Short Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new position in PGIM Ultra Short Bond ETF during the 1st quarter valued at approximately $25,000. Flagship Wealth Advisors LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the first quarter worth $25,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter valued at $30,000. Kingdom Financial Group LLC. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at $32,000. Finally, TOP Private Wealth LLC. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter valued at $48,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

About PGIM Ultra Short Bond ETF

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.