PGIM S&P 500 Buffer 20 ETF – April (BATS:PBAP) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 20 ETF – April (BATS:PBAP) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 38,945 shares, a growth of 158.4% from the May 31st total of 15,073 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average trading volume of 4,780 shares, the short-interest ratio is presently 8.1 days.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – April

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of PGIM S&P 500 Buffer 20 ETF – April by 23.5% in the second quarter. Cetera Investment Advisers now owns 12,514 shares of the company’s stock worth $347,000 after acquiring an additional 2,378 shares during the period. Citadel Advisors LLC purchased a new position in PGIM S&P 500 Buffer 20 ETF – April in the third quarter worth about $410,000. Finally, Blue Water Asset Management purchased a new position in PGIM S&P 500 Buffer 20 ETF – April in the fourth quarter worth about $839,000.

PGIM S&P 500 Buffer 20 ETF – April Stock Performance

Shares of PGIM S&P 500 Buffer 20 ETF – April stock opened at $30.95 on Tuesday. PGIM S&P 500 Buffer 20 ETF – April has a twelve month low of $27.68 and a twelve month high of $31.89. The company’s 50 day moving average is $30.76 and its 200 day moving average is $29.76.

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

The PGIM US Large-Cap Buffer 20 ETF – April (PBAP) 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. PBAP was launched on Mar 29, 2024 and is issued by PGIM.