PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Update

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,533 shares, an increase of 170.8% from the June 15th total of 2,043 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned about 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Stock Performance

Shares of NYSEARCA:PMIO remained flat at $50.97 on Wednesday. 1,680 shares of the stock traded hands, compared to its average volume of 4,137. PGIM Municipal Income Opportunities ETF has a 52 week low of $49.52 and a 52 week high of $52.12. The company has a fifty day moving average of $50.97 and a 200 day moving average of $51.08.

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.