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

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,120 shares, a drop of 66.6% from the October 15th total of 6,346 shares. Based on an average daily volume of 14,636 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of PGIM S&P 500 Buffer 12 ETF – March

Several institutional investors and hedge funds have recently bought and sold shares of MRCP. PNC Financial Services Group Inc. increased its position in shares of PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after purchasing an additional 1,382 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of PGIM S&P 500 Buffer 12 ETF – March during the 1st quarter worth approximately $311,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of PGIM S&P 500 Buffer 12 ETF – March during the 3rd quarter worth approximately $490,000.

PGIM S&P 500 Buffer 12 ETF – March Price Performance

Shares of MRCP stock opened at $35.35 on Friday. The company’s fifty day simple moving average is $35.31 and its 200-day simple moving average is $34.00. PGIM S&P 500 Buffer 12 ETF – March has a 12 month low of $30.94 and a 12 month high of $35.63.

About PGIM S&P 500 Buffer 12 ETF – March

(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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