PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) Short Interest Up 1,237.1% in August

PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 22,369 shares, a growth of 1,237.1% from the August 15th total of 1,673 shares. Currently, 11.8% of the company’s stock are short sold. Based on an average daily trading volume, of 4,773 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – November

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of PGIM S&P 500 Buffer 12 ETF – November by 88.5% during the fourth quarter. Royal Bank of Canada now owns 7,264 shares of the company’s stock worth $221,000 after purchasing an additional 3,410 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in PGIM S&P 500 Buffer 12 ETF – November in the fourth quarter valued at $391,000. Maltin Wealth Management Inc. acquired a new stake in PGIM S&P 500 Buffer 12 ETF – November in the first quarter valued at $495,000. Kestra Advisory Services LLC purchased a new stake in PGIM S&P 500 Buffer 12 ETF – November during the 4th quarter worth about $668,000. Finally, Commonwealth Equity Services LLC lifted its holdings in PGIM S&P 500 Buffer 12 ETF – November by 199.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,162 shares of the company’s stock worth $1,070,000 after buying an additional 23,415 shares during the last quarter.

PGIM S&P 500 Buffer 12 ETF – November Stock Down 0.4%

Shares of NOVP stock traded down $0.13 during trading hours on Thursday, reaching $33.16. 39 shares of the stock were exchanged, compared to its average volume of 4,616. The business’s fifty day moving average is $33.00 and its two-hundred day moving average is $31.88. PGIM S&P 500 Buffer 12 ETF – November has a 12-month low of $29.08 and a 12-month high of $33.55.

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.