PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 968,707 shares, a growth of 83.9% from the July 30th total of 526,647 shares. Based on an average daily trading volume, of 2,272,290 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.
PGIM Ultra Short Bond ETF Stock Performance
PULS traded up $0.01 during trading on Friday, reaching $49.71. 7,798,767 shares of the stock were exchanged, compared to its average volume of 2,729,177. The stock’s 50 day moving average price is $49.63 and its two-hundred day moving average price is $49.64. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The stock has a market cap of $17.42 billion, a P/E ratio of -23.90 and a beta of 0.02.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of PULS. Anchor Investment Management LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at about $25,000. Flagship Wealth Advisors LLC acquired a new position in PGIM Ultra Short Bond ETF during the first quarter worth approximately $25,000. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF during the third quarter worth approximately $30,000. Kingdom Financial Group LLC. acquired a new position in PGIM Ultra Short Bond ETF during the fourth quarter worth approximately $32,000. Finally, TOP Private Wealth LLC. bought a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $48,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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