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

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 3,210 shares, a drop of 73.4% from the May 14th total of 12,080 shares. Based on an average daily volume of 20,339 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 20 ETF – March

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 464.2% in the first quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $139,000 after acquiring an additional 3,783 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of PGIM S&P 500 Buffer 20 ETF – March in the fourth quarter valued at $187,000. Cetera Investment Advisers raised 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 acquiring an additional 4,203 shares during the period. Blue Water Asset Management purchased a new stake in shares of PGIM S&P 500 Buffer 20 ETF – March in the fourth quarter valued at $543,000. Finally, Jim Saulnier & Associates LLC raised its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 30.4% in the first quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after acquiring an additional 22,071 shares during the period.

PGIM S&P 500 Buffer 20 ETF – March Trading Down 0.3%

PBMR stock opened at $31.71 on Thursday. PGIM S&P 500 Buffer 20 ETF – March has a 52 week low of $28.28 and a 52 week high of $32.99. The company has a fifty day simple moving average of $31.51 and a two-hundred day simple moving average of $30.87.

About PGIM S&P 500 Buffer 20 ETF – March

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.