PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Decline in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSHGet Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 15,014 shares, a decrease of 46.4% from the May 31st total of 28,013 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 15,513 shares, the short-interest ratio is presently 1.0 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:PUSHFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

PGIM Ultra Short Municipal Bond ETF Stock Down 0.1%

Shares of PUSH stock opened at $50.51 on Tuesday. The firm has a 50 day moving average of $50.42 and a 200-day moving average of $50.49. PGIM Ultra Short Municipal Bond ETF has a 52 week low of $50.21 and a 52 week high of $51.46.

About PGIM Ultra Short Municipal Bond ETF

(Get Free Report)

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.

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