PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,059 shares, a drop of 38.6% from the May 14th total of 1,726 shares. Based on an average trading volume of 9,258 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
PGIM Municipal Income Opportunities ETF Price Performance
PGIM Municipal Income Opportunities ETF stock remained flat at $51.11 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,604 shares, compared to its average volume of 4,407. The firm’s 50 day simple moving average is $50.88 and its two-hundred day simple moving average is $51.07. PGIM Municipal Income Opportunities ETF has a 12-month low of $49.52 and a 12-month high of $52.12.
Institutional Trading of PGIM Municipal Income Opportunities ETF
An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new position in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,075 shares of the company’s stock, valued at approximately $616,000. First United Bank & Trust owned approximately 1.73% of PGIM Municipal Income Opportunities ETF as of its most recent filing with the Securities and Exchange Commission.
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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