PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,966 shares, a growth of 58.8% from the July 30th total of 1,868 shares. Based on an average trading volume of 2,238 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in PGIM S&P 500 Buffer 20 ETF – March by 464.2% during the 1st quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock worth $139,000 after acquiring an additional 3,783 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% in the first quarter. Cetera Investment Advisers now owns 17,748 shares of the company’s stock valued at $538,000 after buying an additional 4,203 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 82.8% in the first quarter. Kestra Advisory Services LLC now owns 11,188 shares of the company’s stock valued at $339,000 after buying an additional 5,068 shares in the last quarter. Kintra Wealth LLC raised its holdings in shares of PGIM S&P 500 Buffer 20 ETF – March by 95.2% in the second quarter. Kintra Wealth LLC now owns 16,330 shares of the company’s stock valued at $532,000 after buying an additional 7,963 shares during the last quarter. Finally, Blue Water Asset Management bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – March in the fourth quarter valued at about $543,000.

PGIM S&P 500 Buffer 20 ETF – March Stock Down 0.2%

PBMR opened at $32.60 on Wednesday. The firm’s 50-day simple moving average is $32.31 and its 200-day simple moving average is $31.61. PGIM S&P 500 Buffer 20 ETF – March has a twelve month low of $29.32 and a twelve month high of $32.99.

PGIM S&P 500 Buffer 20 ETF – March Company Profile

The PGIM US Large-Cap Buffer 20 ETF – March (PBMR) 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. PBMR was launched on Feb 29, 2024 and is issued by PGIM.