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

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 21,754 shares, an increase of 55.4% from the November 30th total of 14,003 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,423 shares, the short-interest ratio is currently 4.9 days. Based on an average daily trading volume, of 4,423 shares, the short-interest ratio is currently 4.9 days. Approximately 2.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. Commonwealth Retirement Investments LLC purchased a new stake in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 as of its most recent SEC filing.

PGIM Ultra Short Municipal Bond ETF Stock Performance

Shares of PUSH stock opened at $50.46 on Monday. The business has a 50-day moving average of $50.42 and a 200 day moving average of $50.42. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $49.87 and a 1-year high of $51.46.

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.