Short Interest in PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Increases By 45.8%

PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 14,988 shares, an increase of 45.8% from the March 31st total of 10,281 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 13,745 shares, the days-to-cover ratio is presently 1.1 days.

PGIM Ultra Short Municipal Bond ETF Price Performance

Shares of PUSH stock opened at $50.51 on Tuesday. The company’s 50-day moving average price is $50.53 and its 200-day moving average price is $50.49. PGIM Ultra Short Municipal Bond ETF has a twelve month low of $50.03 and a twelve month high of $51.46.

About PGIM Ultra Short Municipal Bond ETF

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.