PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase – What’s Next?

Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw unusually-strong trading volume on Monday . Approximately 5,822,056 shares were traded during trading, an increase of 121% from the previous session’s volume of 2,634,482 shares.The stock last traded at $49.62 and had previously closed at $49.60.

PGIM Ultra Short Bond ETF Price Performance

The stock’s fifty day moving average is $49.65 and its two-hundred day moving average is $49.66.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 51.9% during the 4th quarter. Prudential Financial Inc. now owns 22,115,385 shares of the company’s stock worth $1,095,927,000 after buying an additional 7,560,005 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at approximately $175,082,000. Raymond James Financial Inc. bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth approximately $156,689,000. JPMorgan Chase & Co. lifted its position in PGIM Ultra Short Bond ETF by 12.0% in the fourth quarter. JPMorgan Chase & Co. now owns 28,337,110 shares of the company’s stock worth $1,404,104,000 after purchasing an additional 3,027,670 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter worth approximately $50,039,000.

PGIM Ultra Short Bond ETF Company Profile

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.