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

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 23,178 shares, a growth of 210.0% from the June 30th total of 7,476 shares. Based on an average daily trading volume, of 22,828 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the shares of the company are sold short.

PGIM Ultra Short Municipal Bond ETF Stock Performance

NYSEARCA:PUSH opened at $50.38 on Monday. The stock’s fifty day moving average price is $50.41 and its two-hundred day moving average price is $50.49. PGIM Ultra Short Municipal Bond ETF has a 1 year low of $50.25 and a 1 year high of $51.46.

Institutional Trading of PGIM Ultra Short Municipal Bond ETF

An institutional investor recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC bought a new position in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 as of its most recent SEC filing.

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.