PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Stock Short Interest Drops 75.7%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 14,176 shares, a decrease of 75.7% from the August 31st total of 58,224 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 44,957 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of PGIM Ultra Short Municipal Bond ETF

A hedge fund 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 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 Price Performance

Shares of NYSEARCA PUSH traded down $0.07 during trading hours on Monday, hitting $49.77. 15,889 shares of the company’s stock were exchanged, compared to its average volume of 22,726. The company’s 50-day moving average price is $50.30 and its 200-day moving average price is $50.39. PGIM Ultra Short Municipal Bond ETF has a 1-year low of $49.74 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.