PULS Stock Summary and Trading Ideas (Pgim Ultra Short Bond ETF | ARCA:PULS)

The investment objective of PGIM Ultra Short Bond ETF is to seek total return through a combination of current income and capital appreciation, consistent with preservation of capital. The fund invests primarily in a portfolio of investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt instruments. Under normal market conditions, it invests at least 80% of its investable assets in bonds with varying maturities. Although the fund may invest in instruments of any duration or maturity, it normally will seek to maintain a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less. The Fund s weighted average portfolio duration and maturity, however, may be longer at any time or from time to time based on market conditions.

Pgim Ultra Short Bond ETF trades on the ARCA stock market under the symbol PULS.

As of April 19, 2024, PULS stock price climbed to $49.62 with 1,291,785 million shares trading.

PULS has a beta of 0.01, meaning it tends to be less sensitive to market movements. PULS has a correlation of 0.07 to the broad based SPY ETF.

PULS has a market cap of $6.40 billion. This is considered a Mid Cap stock.

In the last 3 years, PULS stock traded as high as $49.84 and as low as $48.88.

PULS has underperformed the market in the last year with a return of +6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, PULS fell short of the market, returning +1.6%, while SPY returned +4.3%. However, in the most recent 2 weeks PULS has outperformed the stock market by returning +0.2%, while SPY returned -3.5%.

PULS support price is $49.58 and resistance is $49.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PULS stock will trade within this expected range on the day.