Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Increases By 165.3%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 772 shares, an increase of 165.3% from the January 15th total of 291 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,337 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 5,337 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds 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 acquired a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing.

PGIM Municipal Income Opportunities ETF Stock Performance

PMIO stock traded up $0.02 on Thursday, reaching $51.47. The company’s stock had a trading volume of 724 shares, compared to its average volume of 5,697. PGIM Municipal Income Opportunities ETF has a 52 week low of $48.80 and a 52 week high of $51.99. The firm has a fifty day moving average of $51.17 and a two-hundred day moving average of $50.86.

PGIM Municipal Income Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1738 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14.

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.