PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Significant Decrease in Short Interest

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 354,594 shares, a decline of 55.4% from the June 15th total of 795,502 shares. Based on an average trading volume of 2,271,088 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock traded up $0.01 during trading hours on Tuesday, reaching $49.61. 1,092,464 shares of the company were exchanged, compared to its average volume of 2,743,248. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The stock’s fifty day moving average is $49.62 and its two-hundred day moving average is $49.65. The company has a market cap of $17.38 billion, a price-to-earnings ratio of -23.85 and a beta of 0.02.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PULS. Focus Partners Wealth lifted its holdings in PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after buying an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $330,000. Cerity Partners LLC bought a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter worth $273,000. Betterment LLC raised its position in shares of PGIM Ultra Short Bond ETF by 5.2% during the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after acquiring an additional 1,628 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 6.1% during the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after acquiring an additional 3,157 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

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.