PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Down 74.5% in April

PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOGet 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

An institutional investor recently bought a new position in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust acquired a new stake in PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIOFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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).

PGIM Municipal Income Opportunities ETF Company Profile

(Get Free Report)

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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