Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Grows By 383.1%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 58,224 shares, an increase of 383.1% from the August 15th total of 12,052 shares. Based on an average daily volume of 35,713 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.7% of the company’s shares are short sold.

PGIM Ultra Short Municipal Bond ETF Trading Up 0.1%

NYSEARCA PUSH traded up $0.03 on Friday, reaching $50.19. 14,897 shares of the stock traded hands, compared to its average volume of 20,933. PGIM Ultra Short Municipal Bond ETF has a 12 month low of $50.14 and a 12 month high of $51.46. The company has a fifty day moving average price of $50.37 and a 200-day moving average price of $50.43.

Institutional Trading of PGIM Ultra Short Municipal Bond ETF

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

PGIM Ultra Short Municipal Bond ETF Company Profile

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.