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

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 8,961 shares, a decrease of 61.3% from the July 15th total of 23,178 shares. Based on an average daily volume of 18,163 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC acquired a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned 1.52% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent quarter.

PGIM Ultra Short Municipal Bond ETF Stock Up 0.0%

Shares of PUSH opened at $50.38 on Friday. The firm’s 50 day simple moving average is $50.40 and its 200 day simple moving average is $50.47. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $50.25 and a 1-year high of $51.46.

About PGIM Ultra Short Municipal Bond ETF

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.