Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Decreases By 45.0%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 25,200 shares, a drop of 45.0% from the January 29th total of 45,777 shares. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is presently 2.4 days. Currently, 2.3% of the company’s shares are sold short. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 10,376 shares, the short-interest ratio is presently 2.4 days.

PGIM Ultra Short Municipal Bond ETF Stock Performance

Shares of NYSEARCA:PUSH traded up $0.04 during mid-day trading on Friday, reaching $50.78. The stock had a trading volume of 14,275 shares, compared to its average volume of 15,066. PGIM Ultra Short Municipal Bond ETF has a twelve month low of $49.87 and a twelve month high of $51.46. The firm has a 50 day simple moving average of $50.57 and a two-hundred day simple moving average of $50.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. Commonwealth Retirement Investments LLC bought a new stake in shares of PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,940 shares of the company’s stock, valued at approximately $954,000. Commonwealth Retirement Investments LLC owned approximately 3.03% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent quarter.

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.