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

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 12,080 shares, an increase of 380.9% from the April 30th total of 2,512 shares. Based on an average daily trading volume, of 4,734 shares, the short-interest ratio is currently 2.6 days. Approximately 2.5% of the company’s stock are sold short.

Institutional Trading of PGIM S&P 500 Buffer 20 ETF – March

Several institutional investors and hedge funds have recently made changes to their positions in PBMR. Royal Bank of Canada raised its holdings 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 purchasing an additional 3,783 shares during the last quarter. 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 about $187,000. Cetera Investment Advisers raised its holdings 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 purchasing an additional 4,203 shares during the last quarter. 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 about $543,000. Finally, Jim Saulnier & Associates LLC raised its holdings 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 purchasing an additional 22,071 shares during the last quarter.

PGIM S&P 500 Buffer 20 ETF – March Stock Performance

PBMR opened at $32.07 on Friday. The company’s fifty day moving average price is $31.23 and its two-hundred day moving average price is $30.75. PGIM S&P 500 Buffer 20 ETF – March has a 1-year low of $28.00 and a 1-year high of $32.99.

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.