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

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,120 shares, a drop of 66.6% from the October 15th total of 6,346 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 14,636 shares, the days-to-cover ratio is presently 0.1 days.

PGIM S&P 500 Buffer 12 ETF – March Stock Down 0.2%

Shares of PGIM S&P 500 Buffer 12 ETF – March stock opened at $35.35 on Friday. The stock’s fifty day simple moving average is $35.31 and its 200 day simple moving average is $34.00. PGIM S&P 500 Buffer 12 ETF – March has a 12 month low of $30.94 and a 12 month high of $35.63.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – March

Several large investors have recently modified their holdings of MRCP. Commonwealth Equity Services LLC bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – March during the 3rd quarter valued at about $490,000. Royal Bank of Canada acquired a new position in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter valued at approximately $311,000. Finally, PNC Financial Services Group Inc. increased its stake in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after purchasing an additional 1,382 shares in the last quarter.

About PGIM S&P 500 Buffer 12 ETF – March

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.