PGIM Ultra Short Municipal Bond ETF (PUSH) Price
PGIM Ultra Short Municipal Bond ETF Price
Underlying
PGIM Ultra Short Municipal Bond ETF provides 2X inversedaily exposure to PGIM.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
PGIM Ultra Short Municipal Bond ETF List of Holdings
Frequently asked questions about PGIM Ultra Short Municipal Bond ETF
PGIM Ultra Short Municipal Bond ETF is offered by PGIM, a leading player in the field of passive investments.
The ISIN of PGIM Ultra Short Municipal Bond ETF is US69344A7688.
PGIM Ultra Short Municipal Bond ETF aims to deliver 2 times the daily return of PGIM (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because PGIM Ultra Short Municipal Bond ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like PGIM Ultra Short Municipal Bond ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
PGIM Ultra Short Municipal Bond ETF provides 2X daily short/inverse exposure to PGIM. When PGIM moves +1% in a day, PGIM Ultra Short Municipal Bond ETF targets approximately 2% (before fees).
The total expense ratio of PGIM Ultra Short Municipal Bond ETF is 0.15%, which means that investors pay 15.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, PGIM Ultra Short Municipal Bond ETF does not comply with the EU UCITS investor protection directives.
The current average trading volume of PGIM Ultra Short Municipal Bond ETF is 24,201.00.
PGIM Ultra Short Municipal Bond ETF is domiciled in US.
The fund was launched on 6/24/2024.
The PGIM Ultra Short Municipal Bond ETF mainly invests in Investment Grade companies.
The NAV of PGIM Ultra Short Municipal Bond ETF amounts to 50.28 M USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
PGIM Ultra Short Municipal Bond ETF