PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase – Time to Buy?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) shares saw unusually-high trading volume on Monday . Approximately 6,124,766 shares traded hands during trading, an increase of 217% from the previous session’s volume of 1,930,321 shares.The stock last traded at $49.47 and had previously closed at $49.53.

PGIM Ultra Short Bond ETF Trading Down 0.0 %

The company’s 50-day simple moving average is $49.62 and its 200 day simple moving average is $49.66.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PULS. D.A. Davidson & CO. bought a new stake in PGIM Ultra Short Bond ETF in the 4th quarter valued at $270,000. Blue Trust Inc. acquired a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth about $46,000. Advisory Resource Group increased its stake in PGIM Ultra Short Bond ETF by 5.8% during the third quarter. Advisory Resource Group now owns 102,375 shares of the company’s stock valued at $5,096,000 after acquiring an additional 5,617 shares during the period. Silver Oak Securities Incorporated acquired a new position in PGIM Ultra Short Bond ETF in the 4th quarter valued at approximately $261,000. Finally, Wells Fargo & Company MN grew its holdings in shares of PGIM Ultra Short Bond ETF by 31.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,134,577 shares of the company’s stock worth $254,418,000 after purchasing an additional 1,227,633 shares in the last quarter.

PGIM Ultra Short Bond ETF Company Profile

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.