PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Increase in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 32,842 shares, an increase of 131.7% from the September 15th total of 14,176 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 59,307 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On PGIM Ultra Short Municipal Bond ETF

A hedge fund recently bought a new position in PGIM Ultra Short Municipal Bond ETF stock. Farther Finance Advisors LLC bought a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,073 shares of the company’s stock, valued at approximately $53,000.

PGIM Ultra Short Municipal Bond ETF Price Performance

PUSH opened at $49.99 on Thursday. The firm has a 50-day simple moving average of $50.17 and a two-hundred day simple moving average of $50.33. PGIM Ultra Short Municipal Bond ETF has a 52 week low of $48.71 and a 52 week high of $51.46.

PGIM Ultra Short Municipal Bond ETF Company Profile

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.