Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Increases By 272.4%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOGet Free Report) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 2,875 shares, an increase of 272.4% from the January 29th total of 772 shares. Based on an average trading volume of 8,311 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 8,311 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust bought a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned approximately 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Price Performance

PMIO stock opened at $51.85 on Friday. PGIM Municipal Income Opportunities ETF has a 12 month low of $48.80 and a 12 month high of $52.12. The firm has a 50 day moving average of $51.33 and a two-hundred day moving average of $51.00.

PGIM Municipal Income Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1738 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14.

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.

Further Reading

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