Short Interest in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Declines By 42.5%

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,229 shares, a decrease of 42.5% from the May 14th total of 33,450 shares. Based on an average daily volume of 12,246 shares, the days-to-cover ratio is currently 1.6 days. Approximately 4.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PGIM S&P 500 Buffer 20 ETF – May stock. Blue Water Asset Management bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,399 shares of the company’s stock, valued at approximately $282,000. Blue Water Asset Management owned 2.04% of PGIM S&P 500 Buffer 20 ETF – May as of its most recent SEC filing.

PGIM S&P 500 Buffer 20 ETF – May Stock Up 0.6%

PBMY stock opened at $31.19 on Tuesday. PGIM S&P 500 Buffer 20 ETF – May has a 1 year low of $28.35 and a 1 year high of $31.48. The company has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $30.34.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.