PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,539 shares, a growth of 181.9% from the September 30th total of 10,480 shares. Based on an average daily trading volume, of 11,791 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC increased its stake in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Free Report) by 28.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,877 shares of the company’s stock after acquiring an additional 12,074 shares during the quarter. Mosaic Family Wealth Partners LLC owned about 6.12% of PGIM Municipal Income Opportunities ETF worth $2,721,000 at the end of the most recent reporting period.
PGIM Municipal Income Opportunities ETF Stock Up 0.1%
PMIO stock traded up $0.04 during mid-day trading on Thursday, reaching $50.02. 24,015 shares of the stock traded hands, compared to its average volume of 6,078. The business has a 50-day moving average of $49.50 and a two-hundred day moving average of $50.62. PGIM Municipal Income Opportunities ETF has a 52 week low of $47.76 and a 52 week 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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