PGIM Portfolio Ballast ETF (BATS:PBL) Short Interest Up 283.9% in August

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 4,108 shares, a growth of 283.9% from the July 30th total of 1,070 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 2,955 shares, the days-to-cover ratio is presently 1.4 days.

PGIM Portfolio Ballast ETF Stock Performance

PBL opened at $33.93 on Friday. The stock’s fifty day simple moving average is $33.40 and its 200 day simple moving average is $32.24. PGIM Portfolio Ballast ETF has a 1-year low of $29.56 and a 1-year high of $34.37.

Hedge Funds Weigh In On PGIM Portfolio Ballast ETF

Several large investors have recently modified their holdings of PBL. Osaic Holdings Inc. bought a new stake in shares of PGIM Portfolio Ballast ETF during the 4th quarter worth about $244,000. Royal Bank of Canada lifted its position in PGIM Portfolio Ballast ETF by 108.4% during the first quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock worth $293,000 after acquiring an additional 5,562 shares during the last quarter. Jane Street Group LLC acquired a new stake in PGIM Portfolio Ballast ETF during the second quarter worth approximately $530,000. Wolverine Trading LLC bought a new stake in shares of PGIM Portfolio Ballast ETF during the third quarter worth approximately $538,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of PGIM Portfolio Ballast ETF during the fourth quarter worth approximately $1,863,000.

About PGIM Portfolio Ballast ETF

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.