Short Interest in PGIM Portfolio Ballast ETF (BATS:PBL) Decreases By 70.7%

PGIM Portfolio Ballast ETF (BATS:PBLGet Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 641 shares, a decline of 70.7% from the April 30th total of 2,184 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,822 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On PGIM Portfolio Ballast ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cary Street Partners Financial LLC increased its holdings in shares of PGIM Portfolio Ballast ETF by 4.6% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock valued at $38,073,000 after purchasing an additional 53,804 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the fourth quarter valued at $1,863,000. Royal Bank of Canada increased its holdings in shares of PGIM Portfolio Ballast ETF by 45.0% in the first quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock valued at $675,000 after purchasing an additional 6,982 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the second quarter valued at $530,000. Finally, Wolverine Trading LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the third quarter valued at $538,000.

PGIM Portfolio Ballast ETF Stock Performance

Shares of PBL opened at $33.28 on Friday. PGIM Portfolio Ballast ETF has a 1-year low of $28.31 and a 1-year high of $33.31. The company’s fifty day simple moving average is $31.56 and its 200 day simple moving average is $31.31.

PGIM Portfolio Ballast ETF Company Profile

(Get Free Report)

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.

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