Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Declines By 81.6%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 528 shares, a decrease of 81.6% from the February 12th total of 2,875 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,224 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 3,224 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC purchased a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,803 shares of the company’s stock, valued at approximately $2,132,000. Mosaic Family Wealth Partners LLC owned about 5.73% of PGIM Municipal Income Opportunities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

PGIM Municipal Income Opportunities ETF Trading Down 0.3%

Shares of PMIO stock traded down $0.14 during midday trading on Thursday, hitting $51.10. The company had a trading volume of 1,020 shares, compared to its average volume of 4,832. PGIM Municipal Income Opportunities ETF has a 52-week low of $48.80 and a 52-week high of $52.12. The company’s 50 day simple moving average is $51.38 and its 200 day simple moving average is $51.09.

PGIM Municipal Income Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1527 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, March 2nd.

About PGIM Municipal Income Opportunities ETF

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.