Short Interest in PGIM Portfolio Ballast ETF (BATS:PBL) Drops By 78.2%

PGIM Portfolio Ballast ETF (BATS:PBL) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 897 shares, a decline of 78.2% from the August 15th total of 4,108 shares. Based on an average trading volume of 3,019 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On PGIM Portfolio Ballast ETF

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada grew 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 valued at $293,000 after buying an additional 5,562 shares during the period. Osaic Holdings Inc. bought a new position in PGIM Portfolio Ballast ETF in the fourth quarter worth approximately $244,000. Wolverine Trading LLC bought a new position in PGIM Portfolio Ballast ETF in the third quarter worth approximately $538,000. Jane Street Group LLC purchased a new position in shares of PGIM Portfolio Ballast ETF during the 2nd quarter worth $530,000. Finally, Cary Street Partners Financial LLC boosted its stake in shares of PGIM Portfolio Ballast ETF by 4.6% during the 4th quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock worth $38,073,000 after acquiring an additional 53,804 shares during the last quarter.

PGIM Portfolio Ballast ETF Trading Up 0.5%

PGIM Portfolio Ballast ETF stock opened at $33.52 on Friday. PGIM Portfolio Ballast ETF has a one year low of $29.56 and a one year high of $34.37. The stock has a fifty day moving average of $33.52 and a 200 day moving average of $32.42.

PGIM Portfolio Ballast ETF Company Profile

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.