PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Up 165.3% in January

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 772 shares, a growth of 165.3% from the January 15th total of 291 shares. Based on an average daily trading volume, of 5,337 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,337 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. Mosaic Family Wealth Partners LLC purchased a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,803 shares of the company’s stock, valued at approximately $2,132,000. Mosaic Family Wealth Partners LLC owned 5.73% of PGIM Municipal Income Opportunities ETF at the end of the most recent quarter.

PGIM Municipal Income Opportunities ETF Price Performance

Shares of PMIO traded up $0.03 during mid-day trading on Friday, hitting $51.56. The stock had a trading volume of 241 shares, compared to its average volume of 5,581. PGIM Municipal Income Opportunities ETF has a fifty-two week low of $48.80 and a fifty-two week high of $51.99. The company’s fifty day simple moving average is $51.19 and its two-hundred day simple moving average is $50.87.

PGIM Municipal Income Opportunities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1738 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 4.0%.

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.