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 large drop in short interest in 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 trading volume, of 20,339 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of the company. Jim Saulnier & Associates LLC boosted its holdings in shares of PGIM S&P 500 Buffer 20 ETF – March by 30.4% in the 1st quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after buying an additional 22,071 shares in the last quarter. Blue Water Asset Management bought a new stake in shares of PGIM S&P 500 Buffer 20 ETF – March in the 4th quarter valued at about $543,000. Cetera Investment Advisers raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% in the 1st 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. Kestra Advisory Services LLC raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 82.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,188 shares of the company’s stock valued at $339,000 after purchasing an additional 5,068 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 464.2% in the 1st 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.

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

BATS:PBMR opened at $31.71 on Thursday. PGIM S&P 500 Buffer 20 ETF – March has a fifty-two week low of $28.28 and a fifty-two week high of $32.99. The company’s 50-day simple moving average is $31.51 and its 200-day simple moving average is $30.87.

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

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.