PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 21,919 shares, an increase of 141.2% from the August 15th total of 9,086 shares. Based on an average trading volume of 4,338 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.2% of the shares of the company are short sold.
PGIM Municipal Income Opportunities ETF Stock Up 0.3%
PGIM Municipal Income Opportunities ETF stock traded up $0.16 during trading hours on Friday, hitting $49.62. 14,471 shares of the stock traded hands, compared to its average volume of 4,012. The firm’s 50 day moving average price is $50.43 and its 200-day moving average price is $50.80. PGIM Municipal Income Opportunities ETF has a 1 year low of $49.43 and a 1 year high of $52.12.
Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF
A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC increased its holdings in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Free Report) by 28.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,877 shares of the company’s stock after buying an additional 12,074 shares during the quarter. 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 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.
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