PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Sees Large Increase in Short Interest

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,875 shares, an increase of 272.4% from the January 29th total of 772 shares. Based on an average trading volume of 8,311 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 8,311 shares, the days-to-cover ratio is presently 0.3 days.

PGIM Municipal Income Opportunities ETF Trading Up 0.1%

PMIO traded up $0.05 on Thursday, reaching $51.79. The company’s stock had a trading volume of 2,135 shares, compared to its average volume of 5,166. PGIM Municipal Income Opportunities ETF has a 1 year low of $48.80 and a 1 year high of $51.99. The business’s 50 day moving average is $51.30 and its 200 day moving average is $50.98.

PGIM Municipal Income Opportunities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1738 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from PGIM Municipal Income Opportunities ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On PGIM Municipal Income Opportunities ETF

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust bought a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned 1.73% of PGIM Municipal Income Opportunities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.