PGIM S&P 500 Buffer 20 ETF – June (BATS:PBJN) Short Interest Up 2,511.5% in June

PGIM S&P 500 Buffer 20 ETF – June (BATS:PBJN) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 63,408 shares, a growth of 2,511.5% from the May 31st total of 2,428 shares. Currently, 9.9% of the shares of the company are sold short. Based on an average trading volume of 43,680 shares, the short-interest ratio is currently 1.5 days.

PGIM S&P 500 Buffer 20 ETF – June Price Performance

BATS PBJN traded up $0.01 on Thursday, hitting $30.59. The stock had a trading volume of 38,130 shares, compared to its average volume of 10,798. PGIM S&P 500 Buffer 20 ETF – June has a one year low of $28.32 and a one year high of $31.56. The company’s 50-day moving average is $30.75 and its two-hundred day moving average is $30.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PBJN. PNC Financial Services Group Inc. increased its position in shares of PGIM S&P 500 Buffer 20 ETF – June by 131.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,388 shares of the company’s stock valued at $41,000 after purchasing an additional 789 shares during the period. American Asset Management Inc. raised its stake in PGIM S&P 500 Buffer 20 ETF – June by 14.4% during the 4th quarter. American Asset Management Inc. now owns 9,435 shares of the company’s stock valued at $282,000 after purchasing an additional 1,190 shares during the period. Finally, Blue Water Asset Management acquired a new stake in PGIM S&P 500 Buffer 20 ETF – June during the 4th quarter worth about $758,000.

PGIM S&P 500 Buffer 20 ETF – June Company Profile

The PGIM US LARGE-CAP BUFFER 20 ETF – JUNE (PBJN) 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 PBJN was launched on May 31, 2024 and is issued by PGIM.