PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Sees Significant Drop in Short Interest

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in PGIM S&P 500 Buffer 12 ETF – March stock. PNC Financial Services Group Inc. increased its position in shares of PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) by 224.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,998 shares of the company’s stock after acquiring an additional 1,382 shares during the period. PNC Financial Services Group Inc. owned approximately 0.71% of PGIM S&P 500 Buffer 12 ETF – March worth $63,000 at the end of the most recent quarter.

PGIM S&P 500 Buffer 12 ETF – March Price Performance

Shares of MRCP opened at $33.99 on Monday. PGIM S&P 500 Buffer 12 ETF – March has a one year low of $28.55 and a one year high of $34.12. The stock’s fifty day moving average is $32.72 and its 200-day moving average is $32.22.

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.