PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO) Short Interest Down 74.5% in April
by Scott Moore · The Cerbat GemPGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 969 shares, a decrease of 74.5% from the March 31st total of 3,806 shares. Based on an average daily volume of 2,581 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.
PGIM Municipal Income Opportunities ETF Trading Up 0.1%
PGIM Municipal Income Opportunities ETF stock traded up $0.07 during trading hours on Friday, reaching $51.08. 2,145 shares of the stock were exchanged, compared to its average volume of 3,904. PGIM Municipal Income Opportunities ETF has a twelve month low of $49.52 and a twelve month high of $52.12. The stock has a 50 day moving average of $51.09 and a two-hundred day moving average of $51.13.
PGIM Municipal Income Opportunities ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1527 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%.
Hedge Funds Weigh In On PGIM Municipal Income Opportunities ETF
A hedge fund recently raised its stake in PGIM Municipal Income Opportunities ETF stock. First United Bank & Trust lifted its holdings in shares of PGIM Municipal Income Opportunities ETF (NYSEARCA:PMIO – Free Report) by 69.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,475 shares of the company’s stock after buying an additional 8,400 shares during the period. First United Bank & Trust owned about 2.33% of PGIM Municipal Income Opportunities ETF worth $1,034,000 as of its most recent filing with the SEC.
PGIM Municipal Income Opportunities ETF Company Profile
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.