Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Grows By 170.8%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,533 shares, a growth of 170.8% from the June 15th total of 2,043 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.

PGIM Municipal Income Opportunities ETF Price Performance

PMIO opened at $50.92 on Tuesday. PGIM Municipal Income Opportunities ETF has a 12-month low of $49.52 and a 12-month high of $52.12. The firm has a 50 day moving average of $50.96 and a two-hundred day moving average of $51.09.

Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF

A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust raised 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. The fund owned 20,475 shares of the company’s stock after buying an additional 8,400 shares during the period. First United Bank & Trust owned about 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 at the end of the most recent reporting period.

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.