PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Short Interest Down 72.1% in July

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 1,233 shares, a drop of 72.1% from the June 30th total of 4,424 shares. Based on an average trading volume of 3,549 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Trading of PGIM S&P 500 Buffer 12 ETF – March

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in PGIM S&P 500 Buffer 12 ETF – March by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock worth $1,466,000 after buying an additional 2,840 shares during the last quarter. Royal Bank of Canada purchased a new stake in PGIM S&P 500 Buffer 12 ETF – March in the first quarter valued at approximately $311,000. Finally, PNC Financial Services Group Inc. lifted its stake in PGIM S&P 500 Buffer 12 ETF – March by 224.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock valued at $63,000 after buying an additional 1,382 shares during the last quarter.

PGIM S&P 500 Buffer 12 ETF – March Stock Performance

MRCP stock opened at $34.39 on Tuesday. The business has a 50 day moving average price of $34.27 and a 200 day moving average price of $33.16. PGIM S&P 500 Buffer 12 ETF – March has a fifty-two week low of $29.95 and a fifty-two week high of $34.61.

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.