Short Interest in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Expands By 423.6%

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 625,563 shares, an increase of 423.6% from the January 15th total of 119,464 shares. Based on an average daily volume of 3,031,723 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,031,723 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Large investors have recently bought and sold shares of the stock. Lido Advisors LLC bought a new stake in PGIM Ultra Short Bond ETF in the fourth quarter valued at $4,705,000. WCG Wealth Advisors LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 12.2% in the 4th quarter. WCG Wealth Advisors LLC now owns 30,633 shares of the company’s stock valued at $1,519,000 after buying an additional 3,323 shares during the period. Goldstein Advisors LLC increased its position in PGIM Ultra Short Bond ETF by 54.7% in the 4th quarter. Goldstein Advisors LLC now owns 128,554 shares of the company’s stock valued at $6,375,000 after buying an additional 45,454 shares in the last quarter. Avestar Capital LLC increased its position in PGIM Ultra Short Bond ETF by 20.6% in the 4th quarter. Avestar Capital LLC now owns 141,074 shares of the company’s stock valued at $7,011,000 after buying an additional 24,065 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in PGIM Ultra Short Bond ETF by 32.7% during the 4th quarter. Natixis Advisors LLC now owns 43,371 shares of the company’s stock worth $2,151,000 after buying an additional 10,693 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.68 on Wednesday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The stock has a 50 day simple moving average of $49.69 and a two-hundred day simple moving average of $49.72. The company has a market cap of $13.34 billion, a P/E ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.1844 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. PGIM Ultra Short Bond ETF’s payout ratio is currently -112.98%.

About PGIM Ultra Short Bond ETF

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. PULS was launched on Apr 5, 2018 and is managed by PGIM.