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

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 10,817 shares, a growth of 95.5% from the June 30th total of 5,533 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 2,530 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors 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 purchased a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned 1.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Stock Down 0.1%

NYSEARCA:PMIO opened at $50.42 on Thursday. PGIM Municipal Income Opportunities ETF has a 1-year low of $49.68 and a 1-year high of $52.12. The company has a 50-day moving average of $50.93 and a 200 day moving average of $51.05.

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.