PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,043 shares, an increase of 92.9% from the May 31st total of 1,059 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,923 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of PGIM Municipal Income Opportunities ETF
An institutional investor recently raised its stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust raised its position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Free Report) by 69.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,475 shares of the company’s stock after buying an additional 8,400 shares during the quarter. First United Bank & Trust owned 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 at the end of the most recent quarter.
PGIM Municipal Income Opportunities ETF Price Performance
Shares of NYSEARCA PMIO remained flat at $51.11 during mid-day trading on Friday. The company had a trading volume of 3,579 shares, compared to its average volume of 4,240. The business has a fifty day moving average price of $50.96 and a 200-day moving average price of $51.09. PGIM Municipal Income Opportunities ETF has a twelve month low of $49.52 and a twelve month high of $52.12.
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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