PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Sees Significant Drop in Short Interest

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,116 shares, a decline of 48.1% from the September 15th total of 7,927 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 3,887 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in PGIM S&P 500 Buffer 12 ETF – March stock. Royal Bank of Canada acquired a new position in PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,810 shares of the company’s stock, valued at approximately $311,000. Royal Bank of Canada owned approximately 3.50% of PGIM S&P 500 Buffer 12 ETF – March at the end of the most recent quarter.

PGIM S&P 500 Buffer 12 ETF – March Trading Up 0.2%

BATS MRCP opened at $35.53 on Friday. PGIM S&P 500 Buffer 12 ETF – March has a 12-month low of $30.94 and a 12-month high of $35.63. The company has a 50 day moving average price of $35.22 and a two-hundred day moving average price of $34.35.

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

(Get Free Report)

The PGIM US Large-Cap Buffer 12 ETF – March (MRCP) 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. MRCP was launched on Feb 29, 2024 and is issued by PGIM.

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