PGIM Portfolio Ballast ETF (BATS:PBL) Sees Significant Growth in Short Interest

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,070 shares, a growth of 72.3% from the July 15th total of 621 shares. Based on an average daily trading volume, of 339 shares, the short-interest ratio is presently 3.2 days. Approximately 0.1% of the shares of the company are sold short.

PGIM Portfolio Ballast ETF Stock Performance

Shares of PBL opened at $34.15 on Monday. PGIM Portfolio Ballast ETF has a fifty-two week low of $29.56 and a fifty-two week high of $34.37. The firm has a 50-day simple moving average of $33.23 and a 200-day simple moving average of $32.07.

Institutional Trading of PGIM Portfolio Ballast ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBL. Royal Bank of Canada lifted its position in PGIM Portfolio Ballast ETF by 45.0% during the 1st quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock worth $675,000 after acquiring an additional 6,982 shares during the period. Osaic Holdings Inc. purchased a new position in shares of PGIM Portfolio Ballast ETF in the 4th quarter valued at approximately $244,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the fourth quarter valued at approximately $1,863,000. Cary Street Partners Financial LLC increased its holdings in shares of PGIM Portfolio Ballast ETF by 4.6% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock valued at $38,073,000 after purchasing an additional 53,804 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in shares of PGIM Portfolio Ballast ETF during the third quarter worth approximately $538,000.

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.