PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase – Here’s What Happened

Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw strong trading volume on Friday . Approximately 4,752,184 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 2,762,469 shares.The stock last traded at $49.66 and had previously closed at $49.64.

PGIM Ultra Short Bond ETF Trading Up 0.0%

The company has a market capitalization of $17.40 billion, a P/E ratio of -23.87 and a beta of 0.02. The stock’s fifty day moving average is $49.63 and its 200 day moving average is $49.65.

Institutional Trading of PGIM Ultra Short Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PVG Asset Management Corp grew its holdings in shares of PGIM Ultra Short Bond ETF by 5.7% during the 2nd quarter. PVG Asset Management Corp now owns 5,573 shares of the company’s stock worth $276,000 after acquiring an additional 302 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 9.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock valued at $208,000 after purchasing an additional 361 shares in the last quarter. Captrust Financial Advisors grew its stake in PGIM Ultra Short Bond ETF by 2.0% in the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after purchasing an additional 361 shares during the period. Friedenthal Financial grew its stake in PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock worth $943,000 after purchasing an additional 377 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its holdings in PGIM Ultra Short Bond ETF by 3.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock worth $622,000 after purchasing an additional 396 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

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.