Short Interest in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Declines By 39.0%

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,995 shares, a drop of 39.0% from the August 15th total of 19,679 shares. Based on an average daily trading volume, of 2,439 shares, the days-to-cover ratio is presently 4.9 days. Currently, 2.6% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kintra Wealth LLC acquired a new position in shares of PGIM S&P 500 Buffer 20 ETF – May during the 2nd quarter worth about $573,000. Jim Saulnier & Associates LLC increased its position in shares of PGIM S&P 500 Buffer 20 ETF – May by 55.3% in the second quarter. Jim Saulnier & Associates LLC now owns 154,475 shares of the company’s stock valued at $4,816,000 after acquiring an additional 54,997 shares during the last quarter. Finally, American Asset Management Inc. acquired a new stake in shares of PGIM S&P 500 Buffer 20 ETF – May in the second quarter valued at about $5,890,000.

PGIM S&P 500 Buffer 20 ETF – May Stock Down 0.2%

BATS:PBMY opened at $31.62 on Wednesday. PGIM S&P 500 Buffer 20 ETF – May has a twelve month low of $29.27 and a twelve month high of $31.83. The business has a 50 day moving average price of $31.50 and a two-hundred day moving average price of $30.97.

PGIM S&P 500 Buffer 20 ETF – May Company Profile

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.