PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,233 shares, a decline of 72.1% from the June 30th total of 4,424 shares. Based on an average daily trading volume, of 3,549 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter worth approximately $311,000. PNC Financial Services Group Inc. grew its position in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock valued at $63,000 after buying an additional 1,382 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in PGIM S&P 500 Buffer 12 ETF – March by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock valued at $1,466,000 after buying an additional 2,840 shares during the period.
PGIM S&P 500 Buffer 12 ETF – March Stock Performance
Shares of BATS MRCP traded up $0.10 during trading on Monday, reaching $34.44. 1,450 shares of the company traded hands, compared to its average volume of 4,451. The firm has a 50 day simple moving average of $34.26 and a 200-day simple moving average of $33.14. PGIM S&P 500 Buffer 12 ETF – March has a 52-week low of $29.95 and a 52-week high of $34.61.
About PGIM S&P 500 Buffer 12 ETF – March
The PGIM US Large-Cap Buffer 12 ETF – March (MRCP) 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. MRCP was launched on Feb 29, 2024 and is issued by PGIM.
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