Short Interest in PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) Drops By 91.5%

PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,190 shares, a drop of 91.5% from the April 30th total of 13,934 shares. Based on an average daily volume of 5,668 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in PGIM S&P 500 Buffer 12 ETF – November during the 4th quarter valued at about $42,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of PGIM S&P 500 Buffer 12 ETF – November in the 4th quarter valued at approximately $56,000. Royal Bank of Canada raised its position in shares of PGIM S&P 500 Buffer 12 ETF – November by 88.5% in the 4th quarter. Royal Bank of Canada now owns 7,264 shares of the company’s stock valued at $221,000 after purchasing an additional 3,410 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of PGIM S&P 500 Buffer 12 ETF – November in the 4th quarter valued at approximately $391,000. Finally, Maltin Wealth Management Inc. purchased a new position in shares of PGIM S&P 500 Buffer 12 ETF – November in the 1st quarter valued at approximately $495,000.

PGIM S&P 500 Buffer 12 ETF – November Price Performance

NOVP stock opened at $32.52 on Friday. The firm has a 50-day simple moving average of $31.07 and a two-hundred day simple moving average of $30.64. PGIM S&P 500 Buffer 12 ETF – November has a one year low of $27.63 and a one year high of $32.52.

PGIM S&P 500 Buffer 12 ETF – November Company Profile

The PGIM S&P 500 Buffer 12 ETF – November (NOVP) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. NOVP was launched on May 21, 2024 and is issued by PGIM.