PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,379 shares, an increase of 121.7% from the July 30th total of 6,035 shares. Based on an average daily volume of 3,108 shares, the days-to-cover ratio is presently 4.3 days. Approximately 5.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in PGIM S&P 500 Buffer 12 ETF – May stock. Commonwealth Equity Services LLC raised its position in shares of PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,699 shares of the company’s stock after acquiring an additional 2,560 shares during the quarter. Commonwealth Equity Services LLC owned about 15.07% of PGIM S&P 500 Buffer 12 ETF – May worth $1,258,000 as of its most recent SEC filing.

PGIM S&P 500 Buffer 12 ETF – May Stock Performance

Shares of BATS MAYP opened at $33.19 on Monday. PGIM S&P 500 Buffer 12 ETF – May has a 1-year low of $29.81 and a 1-year high of $33.24. The business’s 50 day moving average is $32.69 and its 200-day moving average is $31.99.

About PGIM S&P 500 Buffer 12 ETF – May

The PGIM S&P 500 Buffer 12 ETF – May (MAYP) 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. MAYP was launched on May 1, 2024 and is issued by PGIM.