Short Interest in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Rises By 142.8%

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 33,450 shares, a growth of 142.8% from the April 30th total of 13,779 shares. Approximately 7.3% of the shares of the company are short sold. Based on an average daily volume of 55,951 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – May

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 20 ETF – May stock. Royal Bank of Canada raised its holdings in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,139 shares of the company’s stock after purchasing an additional 394 shares during the period. Royal Bank of Canada owned 1.12% of PGIM S&P 500 Buffer 20 ETF – May worth $154,000 at the end of the most recent reporting period.

PGIM S&P 500 Buffer 20 ETF – May Stock Performance

PBMY opened at $31.19 on Monday. The firm has a 50-day moving average price of $30.62 and a 200-day moving average price of $30.23. PGIM S&P 500 Buffer 20 ETF – May has a twelve month low of $28.16 and a twelve month high of $31.21.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.