PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Strong Trading Volume – Should You Buy?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw unusually-strong trading volume on Monday . Approximately 6,124,766 shares changed hands during trading, an increase of 217% from the previous session’s volume of 1,930,321 shares.The stock last traded at $49.47 and had previously closed at $49.53.

PGIM Ultra Short Bond ETF Stock Down 0.2 %

The stock’s 50 day moving average is $49.65 and its 200-day moving average is $49.66.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PULS. Captrust Financial Advisors bought a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $895,000. HighTower Advisors LLC boosted its stake in PGIM Ultra Short Bond ETF by 106.3% during the third quarter. HighTower Advisors LLC now owns 34,725 shares of the company’s stock worth $1,732,000 after acquiring an additional 17,890 shares in the last quarter. Stifel Financial Corp grew its holdings in PGIM Ultra Short Bond ETF by 11.3% in the third quarter. Stifel Financial Corp now owns 813,246 shares of the company’s stock worth $40,483,000 after purchasing an additional 82,621 shares during the period. EP Wealth Advisors LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $15,809,000. Finally, MML Investors Services LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 47.9% during the third quarter. MML Investors Services LLC now owns 215,326 shares of the company’s stock valued at $10,719,000 after purchasing an additional 69,750 shares during the last quarter.

About PGIM Ultra Short Bond ETF

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.