PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Growth in Short Interest

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 23,178 shares, an increase of 210.0% from the June 30th total of 7,476 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 22,828 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of PGIM Ultra Short Municipal Bond ETF

An institutional investor recently bought a new stake in PGIM Ultra Short Municipal Bond ETF stock. EverSource Wealth Advisors LLC purchased a new stake in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,259 shares of the company’s stock, valued at approximately $1,322,000. EverSource Wealth Advisors LLC owned approximately 1.52% of PGIM Ultra Short Municipal Bond ETF at the end of the most recent quarter.

PGIM Ultra Short Municipal Bond ETF Stock Performance

PUSH opened at $50.37 on Wednesday. PGIM Ultra Short Municipal Bond ETF has a 52-week low of $50.25 and a 52-week high of $51.46. The company has a 50 day moving average of $50.41 and a two-hundred day moving average of $50.49.

PGIM Ultra Short Municipal Bond ETF Company Profile

The PGIM Ultra Short Municipal Bond ETF (PUSH) is an exchange-traded fund that mostly invests in investment grade 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 years or less. PUSH was launched on Jun 24, 2024 and is issued by PGIM.