PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Significant Increase in Short Interest

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,067,016 shares, an increase of 334.5% from the May 14th total of 245,548 shares. Based on an average daily volume of 2,218,795 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Several large investors have recently bought and sold shares of PULS. Diversify Advisory Services LLC raised its position in shares of PGIM Ultra Short Bond ETF by 19.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock worth $7,595,000 after acquiring an additional 25,105 shares in the last quarter. Seed Wealth Management Inc. lifted its stake in PGIM Ultra Short Bond ETF by 297.1% during the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock worth $4,965,000 after purchasing an additional 74,905 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in PGIM Ultra Short Bond ETF by 6.2% during the third quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock worth $28,738,000 after purchasing an additional 33,902 shares during the last quarter. BlueStem Wealth Partners LLC lifted its stake in PGIM Ultra Short Bond ETF by 19.5% during the third quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock worth $5,271,000 after purchasing an additional 17,289 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in PGIM Ultra Short Bond ETF by 1,066.8% during the fourth quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock worth $9,250,000 after purchasing an additional 170,546 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.64 on Friday. The stock’s 50-day moving average is $49.62 and its two-hundred day moving average is $49.66. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The company has a market cap of $16.45 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02.

PGIM Ultra Short Bond ETF Company Profile

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.