Short Interest in PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Drops By 36.2%

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,232 shares, a decline of 36.2% from the April 15th total of 1,932 shares. Based on an average trading volume of 3,565 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 12 ETF – March

Several large investors have recently bought and sold shares of MRCP. PNC Financial Services Group Inc. increased its stake in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the 1st 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. Royal Bank of Canada acquired a new position in PGIM S&P 500 Buffer 12 ETF – March during the 1st quarter valued at about $311,000. Finally, Commonwealth Equity Services LLC increased its stake in PGIM S&P 500 Buffer 12 ETF – March by 6.6% during the 4th 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 Price Performance

Shares of MRCP opened at $34.01 on Tuesday. PGIM S&P 500 Buffer 12 ETF – March has a 1 year low of $28.55 and a 1 year high of $34.12. The firm has a fifty day moving average of $32.75 and a 200-day moving average of $32.24.

PGIM S&P 500 Buffer 12 ETF – March Company Profile

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.