PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) Sees Significant Growth in Short Interest

PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,379 shares, an increase of 121.7% from the July 30th total of 6,035 shares. Approximately 5.0% of the company’s shares are sold short. Based on an average daily volume of 3,108 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – May

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 12 ETF – May stock. Commonwealth Equity Services LLC increased its holdings in shares of PGIM S&P 500 Buffer 12 ETF – May (BATS:MAYP) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,699 shares of the company’s stock after acquiring an additional 2,560 shares during the period. Commonwealth Equity Services LLC owned about 15.07% of PGIM S&P 500 Buffer 12 ETF – May worth $1,258,000 at the end of the most recent quarter.

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

PGIM S&P 500 Buffer 12 ETF – May stock opened at $33.19 on Friday. PGIM S&P 500 Buffer 12 ETF – May has a 12-month low of $29.81 and a 12-month high of $33.24. The firm has a 50-day moving average price of $32.69 and a 200-day moving average price of $31.98.

About PGIM S&P 500 Buffer 12 ETF – May

The PGIM S&P 500 Buffer 12 ETF – May (MAYP) 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. MAYP was launched on May 1, 2024 and is issued by PGIM.