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

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) shares saw strong trading volume on Monday . 5,822,056 shares traded hands 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 Stock Performance

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

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Large investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 3.1% in the third quarter. CWM LLC now owns 33,366 shares of the company’s stock worth $1,661,000 after buying an additional 991 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at approximately $33,000. Creative Planning acquired a new position in PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $223,000. Regatta Capital Group LLC grew its position in PGIM Ultra Short Bond ETF by 60.3% during the 3rd quarter. Regatta Capital Group LLC now owns 25,680 shares of the company’s stock worth $1,278,000 after purchasing an additional 9,665 shares in the last quarter. Finally, Crane Advisory LLC raised its stake in PGIM Ultra Short Bond ETF by 1.7% during the 3rd quarter. Crane Advisory LLC now owns 1,408,794 shares of the company’s stock valued at $69,904,000 after purchasing an additional 23,491 shares during the period.

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.