PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Short Interest Up 224.3% in July

PGIM Ultra Short Bond ETF (NYSEARCA:PULSGet Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 526,647 shares, an increase of 224.3% from the July 15th total of 162,407 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,821,373 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of PGIM Ultra Short Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth $25,000. Flagship Wealth Advisors LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the first quarter valued at about $25,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter valued at about $30,000. Kingdom Financial Group LLC. acquired a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth about $32,000. Finally, Blue Trust Inc. increased its position in PGIM Ultra Short Bond ETF by 61.9% during the first quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock worth $80,000 after purchasing an additional 620 shares during the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.64 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The firm has a market capitalization of $17.39 billion, a PE ratio of -23.87 and a beta of 0.02. The business has a 50 day simple moving average of $49.62 and a 200-day simple moving average of $49.64.

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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