PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Sees Significant Growth in Short Interest

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOGet Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,043 shares, a growth of 92.9% from the May 31st total of 1,059 shares. Based on an average daily volume of 3,923 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of PGIM Municipal Income Opportunities ETF

A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC lifted its position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOFree Report) by 28.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,877 shares of the company’s stock after purchasing an additional 12,074 shares during the period. Mosaic Family Wealth Partners LLC owned about 6.12% of PGIM Municipal Income Opportunities ETF worth $2,721,000 at the end of the most recent reporting period.

PGIM Municipal Income Opportunities ETF Trading Down 0.1%

Shares of PGIM Municipal Income Opportunities ETF stock traded down $0.07 during trading hours on Wednesday, reaching $51.01. The stock had a trading volume of 935 shares, compared to its average volume of 4,244. PGIM Municipal Income Opportunities ETF has a twelve month low of $49.52 and a twelve month high of $52.12. The stock’s 50 day moving average is $50.95 and its 200 day moving average is $51.08.

PGIM Municipal Income Opportunities ETF Company Profile

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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.

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