PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Significant Increase in Short Interest

PGIM Ultra Short Bond ETF (NYSEARCA:PULSGet Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 1,067,016 shares, a growth of 334.5% from the May 14th total of 245,548 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,218,795 shares, the days-to-cover ratio is presently 0.5 days.

PGIM Ultra Short Bond ETF Trading Up 0.0%

PGIM Ultra Short Bond ETF stock opened at $49.64 on Friday. The firm has a 50 day moving average of $49.62 and a 200 day moving average of $49.66. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month high of $49.84.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new stake in PGIM Ultra Short Bond ETF during the 1st quarter valued at approximately $25,000. Flagship Wealth Advisors LLC purchased a new stake in PGIM Ultra Short Bond ETF during the 1st quarter valued at approximately $25,000. Sound Income Strategies LLC grew its holdings in PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in PGIM Ultra Short Bond ETF during the 3rd quarter valued at approximately $30,000. Finally, Rossby Financial LCC purchased a new stake in PGIM Ultra Short Bond ETF during the 3rd quarter valued at approximately $31,000. 72.71% of the stock is owned by hedge funds and other institutional investors.

About PGIM Ultra Short Bond ETF

(Get Free Report)

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. PULS was launched on Apr 5, 2018 and is managed by PGIM.

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