Short Interest in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Increases By 423.6%

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 625,563 shares, an increase of 423.6% from the January 15th total of 119,464 shares. Based on an average trading volume of 3,031,723 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,031,723 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in PGIM Ultra Short Bond ETF by 1,346.2% in the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after purchasing an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter valued at about $30,000. Spire Wealth Management bought a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter worth about $31,000. Rossby Financial LCC acquired a new position in shares of PGIM Ultra Short Bond ETF in the third quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.68 on Wednesday. The firm has a 50-day moving average price of $49.69 and a 200-day moving average price of $49.72. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The stock has a market capitalization of $13.34 billion, a P/E ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1844 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s payout ratio is presently -112.98%.

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.