Short Interest in PGIM Portfolio Ballast ETF (BATS:PBL) Decreases By 70.7%

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 641 shares, a drop of 70.7% from the April 30th total of 2,184 shares. Based on an average trading volume of 2,822 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PBL. Cary Street Partners Financial LLC boosted its holdings in shares of PGIM Portfolio Ballast ETF by 13.6% in the third quarter. Cary Street Partners Financial LLC now owns 1,178,345 shares of the company’s stock valued at $36,540,000 after buying an additional 140,997 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the fourth quarter valued at approximately $1,863,000. Jane Street Group LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the second quarter valued at approximately $530,000. Wolverine Trading LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the third quarter valued at approximately $538,000. Finally, Osaic Holdings Inc. acquired a new position in shares of PGIM Portfolio Ballast ETF in the fourth quarter valued at approximately $244,000.

PGIM Portfolio Ballast ETF Price Performance

PGIM Portfolio Ballast ETF stock opened at $33.28 on Friday. The company’s 50 day simple moving average is $31.56 and its 200 day simple moving average is $31.31. PGIM Portfolio Ballast ETF has a fifty-two week low of $28.31 and a fifty-two week high of $33.31.

About PGIM Portfolio Ballast ETF

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.