PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Short Interest Update

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 30,283 shares, an increase of 214.3% from the April 30th total of 9,635 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 25,666 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

A hedge fund recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC purchased a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned approximately 1.52% of PGIM Ultra Short Municipal Bond ETF as of its most recent filing with the SEC.

PGIM Ultra Short Municipal Bond ETF Trading Down 0.2%

Shares of NYSEARCA PUSH traded down $0.09 during trading hours on Friday, hitting $50.35. The stock had a trading volume of 20,652 shares, compared to its average volume of 17,912. The firm’s 50-day moving average price is $50.43 and its two-hundred day moving average price is $50.48. PGIM Ultra Short Municipal Bond ETF has a 52 week low of $50.12 and a 52 week high of $51.46.

About PGIM Ultra Short Municipal Bond ETF

The PGIM Ultra Short Municipal Bond ETF (PUSH) is an exchange-traded fund that mostly invests in investment grade 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 years or less. PUSH was launched on Jun 24, 2024 and is issued by PGIM.