PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Up 423.6% in January

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

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

A number of large investors have recently modified their holdings of PULS. JPMorgan Chase & Co. increased its position in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after acquiring an additional 1,631,142 shares during the last quarter. Prudential Financial Inc. grew its stake in PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after purchasing an additional 2,999,297 shares in the last quarter. LPL Financial LLC increased its position in shares of PGIM Ultra Short Bond ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after purchasing an additional 869,510 shares during the last quarter. Bank of America Corp DE raised its stake in shares of PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after purchasing an additional 215,246 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 5.7% during the 3rd quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after purchasing an additional 236,042 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.68 on Friday. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve 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. The company has a 50 day moving average of $49.70 and a 200-day moving average of $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

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

PGIM Ultra Short Bond ETF Company Profile

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.