PGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemPGIM Ultra Short Municipal Bond ETF (NYSEARCA:PUSH – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 9,635 shares, a decrease of 35.7% from the April 15th total of 14,988 shares. Based on an average daily volume of 21,533 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short.
PGIM Ultra Short Municipal Bond ETF Price Performance
NYSEARCA PUSH traded down $0.01 during trading hours on Monday, hitting $50.33. 33,588 shares of the company were exchanged, compared to its average volume of 17,950. The company has a 50 day moving average of $50.46 and a two-hundred day moving average of $50.48. PGIM Ultra Short Municipal Bond ETF has a 52-week low of $50.12 and a 52-week 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.