PGIM Ultra Short Bond ETF (PULS)

PGIM Ultra Short Bond ETF is trading at $49.55, down 0.33% on the session. The 50 day average sits at $49.63 and the 200 day at $49.66, which puts the stock in a downtrend. RSI is at 69.9, which reads as strong, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $49.62 with resistance near $49.72, so that band frames the current range. Average daily movement is roughly $0.02, or about 0.0% of the share price, which is what any stop placement has to allow for. The overall health score of 77 out of 100 combines a trend score of 63, momentum of 82 and a risk score of 92.

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.