Zacks Investment ResearchT3·31mo ago
PULS PGIM Ultra Short Bond ETF
ETF 49.57 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PULS
$49.57
—
Key stats
$49.57
Pre-market
$49.58
+0.02%
- 52-Week Range
- $49.45 – $49.83
- YTD
- -0.10%
- IV Rank (30D)
- 46.18
- Straddle Price
- $0.58
- Open
- $49.58
- Day Range
- $49.56 – $49.58
- Volume
- 2,779,534
- Prev Close
- $49.57
About
PGIM Ultra Short Bond ETF (PULS) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2018-04-05
- Has Options
- Yes
Fund profile
holdings as of May 29, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.15% prospectus, filed Oct 30, 2025
- Assets
- $19.7B shares × price, Oct 20, 2026
- Trailing yield
- 4.38% paid monthly
- Average daily volume
- $178M 30 sessions
- Holdings
- 730 top 10 are 6.4%
- Listed
- Apr 5, 2018 NYSE Arca
Cost70
Liquidity100
Scale100
Diversification100
Moves with. Long Treasuries (8% of its variance, beta 0.04). These factors explain 10% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The investment objective of the Fund is to seek total return through a combination of current income and capital appreciation, consistent with preservation of capital. (from the fund's prospectus)
All 730 holdingsFlow historyOverlap toolAll Ultra-Short Bond ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$571M latest reported month
- Latest 3 months
- +$2.1B +13.2% of assets
- Latest 12 months
- +$5.0B +30.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$571M |
| Apr 2026 | +$1.1B |
| Mar 2026 | +$424M |
| Feb 2026 | +$415M |
| Jan 2026 | +$413M |
| Dec 2025 | +$166M |
| Nov 2025 | +$184M |
| Oct 2025 | +$366M |
| Sep 2025 | +$272M |
| Aug 2025 | +$317M |
| Jul 2025 | +$359M |
| Jun 2025 | +$367M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JPSTJPMorgan Ultra-Short Income ETF | — | 0.18% | $42.8B | −0.7% | compare |
| MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | — | 0.36% | $18.9B | +0.0% | compare |
| BOXXAlpha Architect 1-3 Month Box ETF | — | 0.19% | $12.7B | +4.0% | compare |
| ICSHiShares Ultra Short Duration Bond Active ETF | — | 0.08% | $9.0B | −0.6% | compare |
| VUSBVanguard Ultra-Short Bond ETF | — | 0.10% | $8.9B | −0.9% | compare |
The largest other funds in the Ultra-Short Bond category.
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 11 with agreements; top 3 did 80%
- Created · redeemed
- $7.2B · $2.3B over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-05-29
Holdings
730
AUM
$16.3B
Provider
Nport
Inception
2018-04-05
Exchange
ARCX
Data As Of
2026-05-29
Expense Ratio
0.15%
Dividend Yield
4.38%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-30 | 2026-10-02 | $0.1705 | CD |
| 2026-08-31 | 2026-09-02 | $0.1771 | CD |
| 2026-07-31 | 2026-08-04 | $0.1713 | CD |
| 2026-06-30 | 2026-07-02 | $0.1649 | CD |
| 2026-05-29 | 2026-06-02 | $0.1782 | CD |
| 2026-04-30 | 2026-05-04 | $0.1664 | CD |
Asset Allocation
Top Holdings
top 50 of 730 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| PAAA | PGIM ETF Trust | 1.81% | Equity (common) | US |
| — | Phillips 66 | 0.83% | Short-term investment | US |
| — | GLENCORE FUNDING LLC | 0.74% | Other | US |
| — | Alexandria Real Estate Equities, Inc. | 0.66% | Other | US |
| — | INTESA SANPAOLO SPA NEW YORK BRANCH | 0.63% | Short-term investment | US |
| — | ABN AMRO BANK NV | 0.57% | Debt | NL |
| — | Healthpeak Properties Inc | 0.52% | Short-term investment | US |
| — | BX TRUST 2022-LBA6 | 0.51% | Other | US |
| — | FEDERATION DES CAISSES DESJARDINS DU QUEBEC | 0.51% | Debt | CA |
| — | Servicenow Inc | 0.50% | Short-term investment | US |
| — | CITIGROUP GLOBAL MARKETS HOLDINGS INC | 0.47% | Short-term investment | US |
| — | Essential Utilities Inc | 0.46% | Short-term investment | US |
| — | INTERCONTINENTAL EXCHANGE INC | 0.46% | Short-term investment | US |
| — | The Thomson Reuters Corporation | 0.43% | Short-term investment | CA |
| — | CBRE Services Inc | 0.43% | Short-term investment | US |
| — | BX TRUST 2018-BILT | 0.43% | Other | US |
| — | BROADCOM INC | 0.43% | Debt | US |
| — | NATIXIS SA NEW YORK BRANCH | 0.40% | Short-term investment | US |
| — | NEXTERA ENERGY CAPITAL HOLDINGS INC | 0.40% | Short-term investment | US |
| — | NATWEST MARKETS PLC | 0.39% | Debt | GB |
| — | ELEVATION CLO 2021-13 LTD | 0.38% | Other | KY |
| — | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C1 | 0.37% | Other | US |
| — | ROCKFORD TOWER CLO 2020-1 LTD | 0.37% | Other | KY |
| — | ROCHE HOLDINGS INC | 0.37% | Debt | US |
| — | HESS CORP | 0.37% | Debt | US |
| — | NEXTERA ENERGY CAPITAL HOLDINGS INC | 0.37% | Short-term investment | US |
| — | CANADIAN IMPERIAL BANK OF COMMERCE NEW YORK BRANCH | 0.36% | Short-term investment | US |
| — | ROYAL BANK OF CANADA | 0.36% | Short-term investment | CA |
| — | NEW YORK LIFE GLOBAL FUNDING | 0.34% | Debt | US |
| — | COMCAST CORP | 0.34% | Debt | US |
| — | CAPITAL ONE FINANCIAL CORP | 0.34% | Debt | US |
| — | Alexandria Real Estate Equities, Inc. | 0.33% | Other | US |
| — | GALAXY XXV CLO LTD | 0.33% | Other | KY |
| — | ONEOK INC | 0.32% | Debt | US |
| — | NATWEST GROUP PLC | 0.32% | Debt | GB |
| — | SALESFORCE INC | 0.32% | Debt | US |
| — | SALESFORCE INC | 0.32% | Debt | US |
| — | SEMPRA | 0.32% | Short-term investment | US |
| — | Amrize Finance US LLC | 0.31% | Short-term investment | US |
| — | Alimentation Couche-Tard Inc. | 0.31% | Short-term investment | CA |
| — | NETFLIX INC | 0.31% | Debt | US |
| — | JP MORGAN CHASE & COMPANY | 0.31% | Debt | US |
| — | MORGAN STANLEY | 0.31% | Debt | US |
| — | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC | 0.31% | Debt | US |
| — | PACCAR FINANCIAL CORP | 0.31% | Debt | US |
| — | TIKEHAU US CLO III LTD | 0.31% | Other | BM |
| — | PROTECTIVE LIFE GLOBAL FUNDING | 0.31% | Debt | US |
| — | INTUIT INC | 0.31% | Debt | US |
| — | TOYOTA MOTOR CREDIT CORP | 0.31% | Debt | US |
| — | NUTRIEN LTD | 0.31% | Debt | CA |
Non-Equity Breakdown
PGIM Ultra Short Bond ETF ·
NPORT-P period 2026-05-29
(filed 2026-07-27)
Net assets:
$16.28B
· 730 total positions
· equity 1.81%
· non-equity 98.46%
Non-equity holdings
— 729 positions,
98.46% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 38.69% | $6.30B | 262 |
| Short-term investment | 24.24% | $3.94B | 128 |
| ABS-O | 18.55% | $3.02B | 206 |
| CBO/CDO (Corporate) | 14.51% | $2.36B | 75 |
| ABS-APCP | 2.12% | $344.9M | 6 |
| US Treasury | 0.20% | $33.1M | 2 |
| CBO/CDO (Non-US Sovereign) | 0.12% | $20.0M | 1 |
| Derivative (interest rate) | 0.04% | $6.4M | 49 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.11% | -0.02% | 0.61% | 0.63% | 0.40% | 0.36% | 0.35% |
| Feb | 0.00% | -0.20% | 0.51% | 0.42% | 0.40% | 0.36% | 0.25% |
| Mar | 0.04% | -0.26% | 0.06% | 0.46% | 0.24% | -0.22% | 0.05% |
| Apr | 0.06% | 0.08% | 0.53% | 0.46% | 0.22% | 0.08% | 0.24% |
| May | 0.08% | -0.04% | 0.51% | 0.51% | 0.55% | -0.04% | 0.26% |
| Jun | -0.06% | 0.00% | 0.49% | 0.32% | 0.42% | -0.02% | 0.19% |
| Jul | 0.04% | 0.17% | 0.58% | 0.53% | 0.38% | -0.01% | 0.28% |
| Aug | 0.02% | 0.41% | 0.59% | 0.46% | 0.40% | -0.04% | 0.31% |
| Sep | 0.02% | 0.04% | 0.47% | 0.46% | 0.42% | -0.14% | 0.21% |
| Oct | -0.06% | 0.10% | 0.43% | 0.32% | 0.34% | 0.20%* | 0.22% |
| Nov | -0.06% | 0.57% | 0.63% | 0.46% | 0.34% | -- | 0.39% |
| Dec | -0.10% | 0.16% | 0.08% | -0.10% | -0.06% | -- | -0.00% |
| Total | 0.09% | 1.01% | 5.63% | 5.04% | 4.12% | 0.53% | 2.74% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $49.54
SMA 50: $49.58
SMA 200: $49.63
Current: $49.57
EMA 12: $49.55
EMA 26: $49.56
MACD: -0.0045 | Signal: 0.0090
BEARISH
ADX (14): 14.44
RANGE
+DI: 29.65
−DI: 22.62
Momentum Oscillators
RSI (14): 53.77
NEUTRAL
Stoch %K: 91.84
Stoch %D: 82.37
Williams %R: -9.09
Volume & Volatility
BB Upper: $49.65
BB Lower: $49.44
NEUTRAL
OBV: 403,137,523
Vol SMA 20: 3,600,587
Vol ROC: 4.88%
ATR: $0.02
True Range: $0.02
HV 20: 1.2%
HV 30: 1.0%
HV 60: 1.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All PULS news →
Zacks Investment ResearchT3·38mo ago
Zacks Investment ResearchT3·44mo ago
PULS Options Activity & IV Rank
PULS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 16.2%
7-DTE IV: —
Expected Move: $0.58
7-DTE Move: $0.58
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 4
P/C Volume: —
Call OI: 0
Put OI: 1
P/C OI: —
Total OI: 1
ATM Options Pricing
ATM Call: $0.05
ATM Put: $0.53
Call %: 0.1%
Put %: 1.1%
Chain Summary
Chain Volume: 4
Chain OI: 1
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Not enough history yet to rank today's net dealer gamma against this name's own record.
Gamma percentile
—
vs own history
GEX tilt
-1.00
OI-weighted, today
Vanna tilt
-1.00
δ-sensitivity to IV
Charm tilt
+1.00
δ-decay vs time
Vanna tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 8.8% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)46.2MediumOct 21
Straddle Price (30 DTE)$0.58Oct 21
Beta Analysis
Risk Metrics
Beta: -0.0006
Alpha: -0.39%
Correlation: -0.0055
R-Squared: 0.0%
Stock Volatility: 1.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
PULS Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
486.17K
SI % of Float
0.12%
Days to Cover
1.00
Short Vol Ratio
41.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|