PGIM Ultra Short Bond ETF

PULS

Market cap $12.5B

Overview Fund Activity

49.75 USD

0.00

0%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

49.76

+0.01

0.02%

1 day

0%

5 days

0.08%

1 month

0.04%

3 months

0.16%

6 months

0.24%

Year to date

0.38%

1 year

0.14%

5 years

-0.38%

10 years

-0.52%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

65% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 102

63% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 35

16% more funds holding in top 10

Funds holding in top 10: 25 [Q1] → 29 (+4) [Q2]

4% more funds holding

Funds holding: 343 [Q1] → 358 (+15) [Q2]

3% more capital invested

Capital invested by funds: $8.04B [Q1] → $8.29B (+$253M) [Q2]

2.15% less ownership

Funds ownership: 73.33% [Q1] → 71.18% (-2.15%) [Q2]

See Fund Rankings

Financial journalist opinion

3 Dividend Stocks I'm Buying As Irrational Exuberance Takes Over

Current market conditions reflect irrational exuberance, with surging valuations in stocks, precious metals, crypto, and collectibles reminiscent of past bubbles. Conflicting economic signals persist: inflation data is mixed, the labor market is weakening, but affluent consumer spending and bank lending remain resilient. Dividend growth investing remains my preferred strategy, with a focus on high-quality REITs, utilities, and my favorite cash equivalent ETF.

3 Dividend Stocks I'm Buying As Irrational Exuberance Takes Over

PULS: Ultra-Short Active Management

PULS ETF offers stable income with minimal duration risk, focusing on capital preservation and high liquidity for conservative investors. Active management and investment-grade bias allow PULS to adapt quickly to interest rate changes, maintaining attractive yields versus cash. Falling short-term forwards suggest yields will gradually normalize, but PULS remains resilient due to its ultra-short duration and flexible portfolio.

PULS: Ultra-Short Active Management

The $10 Billion Club: New Stars in Active Bonds

Last week, the iShares Flexible Income Active ETF (BINC) reached a significant milestone and became the latest member of the $10 billion of the active fixed income club. The exclusive club now has six members, fewer than half the number of active equity ETF members.

The $10 Billion Club: New Stars in Active Bonds

ETF Records Were Made to Be Broken

Mid-2025 is approaching, and exchange traded fund demand continues its robust growth. Last year was a landmark year for the ETF industry, with industry net inflows for the first time surpassing $1 trillion and one ETF exceeding $100 billion in net inflows.

ETF Records Were Made to Be Broken

PULS Can Provide Liquidity, But It May Be Time To Rotate Into Long-Dated Bonds

PGIM Ultra Short Bond ETF is a diversified, ultrashort and short-duration bond strategy, providing investors with monthly income. The ETF is highly liquid and can potentially be utilized in place of money market funds. Interest rate cuts may pressure future yields as maturing bonds are replaced with lower-yielding assets, making long-duration bonds more attractive for income seekers.

PULS Can Provide Liquidity, But It May Be Time To Rotate Into Long-Dated Bonds

Active ETFs Steal the Show: Topping $1 Trillion Mark

Despite the ETF industry's passive roots, active has stolen the show. Active ETF assets just topped the $1 trillion threshold, making up nearly 10% of the total ETF pie.

Active ETFs Steal the Show: Topping $1 Trillion Mark

Being Short Has Its ETF Benefits

After a record year for fixed income ETFs in 2024, demand has been even stronger to start 2025. U.S. listed fixed income ETFs pulled in $78 billion in the first two months.

Being Short Has Its ETF Benefits

PULS: Showing Relative Advantages

The PGIM Ultra Short Bond ETF offers high income and capital preservation through short-duration exposure, investing in various non-government securities. PULS has low duration relative to its peers and has a diversified issuer portfolio, mitigating risk. Despite its credit risk exposure, PULS has outperformed numerous of its peers over the last five years, with an impressive yield and a low expense ratio of 0.15%.

PULS: Showing Relative Advantages

PULS: Uncompelling At The Current Spreads (Rating Downgrade)

The PGIM Ultra Short Bond ETF is downgraded to 'Hold' due to tight corporate spreads and a low risk premium. PULS holds highly rated bonds with a 0.2-year duration, primarily AA names, and offers a 4.8% 30-day SEC yield. Current corporate spreads are at decade lows, making PULS less attractive compared to alternatives like JAAA and UYLD.

PULS: Uncompelling At The Current Spreads (Rating Downgrade)

More Money Market Substitutes Taking Shape

Investors have been married to their money market funds for the better part of the last two years. But a recent poll from VettaFi's Q4 Fixed Income Symposium in October showed more market participants may finally be willing to break out of their comfort zones and redeploy those funds into riskier assets.

More Money Market Substitutes Taking Shape

See News Rankings

Charts implemented using Lightweight Charts™