PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 969 shares, a drop of 74.5% from the March 31st total of 3,806 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,581 shares, the short-interest ratio is currently 0.4 days.
PGIM Municipal Income Opportunities ETF Stock Performance
Shares of NYSEARCA:PMIO traded down $0.04 during mid-day trading on Monday, reaching $51.04. 7,722 shares of the company were exchanged, compared to its average volume of 3,952. The firm’s 50-day simple moving average is $51.09 and its 200 day simple moving average is $51.14. PGIM Municipal Income Opportunities ETF has a 1 year low of $49.52 and a 1 year high of $52.12.
PGIM Municipal Income Opportunities ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1527 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.
Institutional Inflows and Outflows
PGIM Municipal Income Opportunities ETF Company Profile
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.
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