PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Stock Short Interest Rises 245.0%

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 16,514 shares, an increase of 245.0% from the October 15th total of 4,786 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 14,703 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On PGIM Laddered Nasdaq-100 Buffer 12 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF in the third quarter worth approximately $1,708,000. Western Wealth Management LLC bought a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter valued at $248,000. Kestra Advisory Services LLC purchased a new position in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter valued at $394,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF by 9.6% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 13,961 shares of the company’s stock valued at $452,000 after buying an additional 1,227 shares in the last quarter. Finally, Red Crane Wealth Management LLC lifted its stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF by 219.8% during the 3rd quarter. Red Crane Wealth Management LLC now owns 60,506 shares of the company’s stock valued at $1,961,000 after buying an additional 41,589 shares in the last quarter.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Stock Performance

Shares of NASDAQ PBQQ traded down $0.21 during trading on Friday, hitting $31.23. The company had a trading volume of 1,070 shares, compared to its average volume of 20,612. The stock has a 50 day simple moving average of $32.02 and a 200 day simple moving average of $30.76. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 12 month low of $27.77 and a 12 month high of $32.86. The firm has a market capitalization of $97.43 million, a P/E ratio of 30.37 and a beta of 0.67.

About PGIM Laddered Nasdaq-100 Buffer 12 ETF

The PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ was launched on Dec 27, 2024 and is issued by PGIM.