PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Update

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 10,817 shares, a growth of 95.5% from the June 30th total of 5,533 shares. Based on an average daily volume of 2,530 shares, the days-to-cover ratio is currently 4.3 days. Approximately 1.1% of the company’s stock are short sold.

PGIM Municipal Income Opportunities ETF Price Performance

PGIM Municipal Income Opportunities ETF stock opened at $50.42 on Thursday. PGIM Municipal Income Opportunities ETF has a 1-year low of $49.68 and a 1-year high of $52.12. The business has a fifty day moving average price of $50.93 and a 200-day moving average price of $51.05.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust purchased a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned about 1.73% of PGIM Municipal Income Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.

PGIM Municipal Income Opportunities ETF Company Profile

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.