PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) Sees Significant Decline in Short Interest

PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 16,497 shares, a decline of 57.8% from the September 15th total of 39,070 shares. Based on an average trading volume of 6,461 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.3% of the company’s stock are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of OCTP. NewEdge Advisors LLC grew its position in shares of PGIM S&P 500 Buffer 12 ETF – October by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 25,020 shares of the company’s stock worth $809,000 after acquiring an additional 750 shares in the last quarter. Cypress Financial Planning LLC acquired a new stake in shares of PGIM S&P 500 Buffer 12 ETF – October during the 3rd quarter valued at approximately $292,000. PNC Financial Services Group Inc. raised its position in shares of PGIM S&P 500 Buffer 12 ETF – October by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,361 shares of the company’s stock valued at $159,000 after acquiring an additional 622 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of PGIM S&P 500 Buffer 12 ETF – October during the 1st quarter valued at approximately $141,000. Finally, Ameritas Advisory Services LLC bought a new position in PGIM S&P 500 Buffer 12 ETF – October during the second quarter worth $41,000.

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

OCTP opened at $33.71 on Thursday. PGIM S&P 500 Buffer 12 ETF – October has a 1-year low of $29.03 and a 1-year high of $33.96. The company has a 50-day moving average of $33.30 and a 200-day moving average of $32.29.

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

The PGIM US Large-Cap Buffer 12 ETF – October (OCTP) 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 OCTP was launched on May 17, 2024 and is issued by PGIM.