PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Sees Significant Growth in Short Interest

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 21,919 shares, a growth of 141.2% from the August 15th total of 9,086 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 4,338 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently raised its position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust lifted its position in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) by 69.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,475 shares of the company’s stock after acquiring an additional 8,400 shares during the period. First United Bank & Trust owned 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

PGIM Municipal Income Opportunities ETF Stock Up 0.3%

NYSEARCA:PMIO traded up $0.16 during trading hours on Friday, hitting $49.62. 14,471 shares of the company were exchanged, compared to its average volume of 4,012. PGIM Municipal Income Opportunities ETF has a 52-week low of $49.43 and a 52-week high of $52.12. The company’s 50 day moving average price is $50.43 and its 200-day moving average price is $50.80.

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.