PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) Short Interest Down 73.4% in May

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,210 shares, a decline of 73.4% from the May 14th total of 12,080 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 20,339 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 20 ETF – March

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 464.2% in the first quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $139,000 after purchasing an additional 3,783 shares during the period. Cetera Investment Advisers grew its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% in the first quarter. Cetera Investment Advisers now owns 17,748 shares of the company’s stock valued at $538,000 after purchasing an additional 4,203 shares during the period. Kestra Advisory Services LLC grew its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 82.8% in the first quarter. Kestra Advisory Services LLC now owns 11,188 shares of the company’s stock valued at $339,000 after purchasing an additional 5,068 shares during the period. Jim Saulnier & Associates LLC grew its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 30.4% in the first quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after purchasing an additional 22,071 shares during the period. Finally, Blue Water Asset Management purchased a new stake in shares of PGIM S&P 500 Buffer 20 ETF – March in the fourth quarter valued at $543,000.

PGIM S&P 500 Buffer 20 ETF – March Price Performance

Shares of BATS:PBMR traded up $0.07 during midday trading on Friday, reaching $31.93. The company’s stock had a trading volume of 377 shares, compared to its average volume of 11,514. PGIM S&P 500 Buffer 20 ETF – March has a 1 year low of $28.28 and a 1 year high of $32.99. The business has a 50 day moving average price of $31.54 and a 200 day moving average price of $30.88.

About PGIM S&P 500 Buffer 20 ETF – March

The PGIM US Large-Cap Buffer 20 ETF – March (PBMR) 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. PBMR was launched on Feb 29, 2024 and is issued by PGIM.