PGIM S&P 500 Buffer 12 ETF – April (BATS:APRP) Sees Significant Decrease in Short Interest

PGIM S&P 500 Buffer 12 ETF – April (BATS:APRP) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,392 shares, a decrease of 70.2% from the May 31st total of 4,666 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 2,051 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in PGIM S&P 500 Buffer 12 ETF – April during the 4th quarter worth $172,000. Royal Bank of Canada boosted its stake in PGIM S&P 500 Buffer 12 ETF – April by 332.3% in the first quarter. Royal Bank of Canada now owns 10,807 shares of the company’s stock valued at $288,000 after acquiring an additional 8,307 shares in the last quarter. Cetera Investment Advisers boosted its stake in PGIM S&P 500 Buffer 12 ETF – April by 2.7% in the second quarter. Cetera Investment Advisers now owns 23,588 shares of the company’s stock valued at $664,000 after acquiring an additional 613 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in PGIM S&P 500 Buffer 12 ETF – April by 10.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 33,628 shares of the company’s stock valued at $999,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of PGIM S&P 500 Buffer 12 ETF – April by 1.7% during the third quarter. Envestnet Asset Management Inc. now owns 40,300 shares of the company’s stock worth $1,171,000 after purchasing an additional 678 shares during the last quarter.

PGIM S&P 500 Buffer 12 ETF – April Trading Down 5.3%

Shares of PGIM S&P 500 Buffer 12 ETF – April stock opened at $30.59 on Friday. PGIM S&P 500 Buffer 12 ETF – April has a 52 week low of $28.06 and a 52 week high of $32.58. The firm’s 50 day moving average is $32.17 and its two-hundred day moving average is $30.74.

PGIM S&P 500 Buffer 12 ETF – April Company Profile

The PGIM US Large-Cap Buffer 12 ETF – April (APRP) 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. APRP was launched on Mar 29, 2024 and is issued by PGIM.