Short Interest in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Drops By 40.5%

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 1,612 shares, a drop of 40.5% from the November 30th total of 2,708 shares. Based on an average daily volume of 4,061 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 4,061 shares, the short-interest ratio is currently 0.4 days.

PGIM Municipal Income Opportunities ETF Price Performance

NYSEARCA:PMIO traded up $0.01 during trading hours on Friday, reaching $51.08. 2,557 shares of the company traded hands, compared to its average volume of 1,659. The firm’s 50-day moving average is $51.11 and its 200-day moving average is $50.53. PGIM Municipal Income Opportunities ETF has a 1-year low of $48.80 and a 1-year high of $51.43.

About PGIM Municipal Income Opportunities ETF

The PGIM Municipal Income Opportunities ETF (PMIO) is an exchange-traded fund that mostly invests in broad credit 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 to eight years. PMIO was launched on Jun 14, 2024 and is issued by PGIM.