PGIM Portfolio Ballast ETF (BATS:PBL) Shares Shorted: Short Interest Down 86.8% in October

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 377 shares, a drop of 86.8% from the October 15th total of 2,847 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,269 shares, the days-to-cover ratio is presently 0.1 days.

PGIM Portfolio Ballast ETF Trading Down 0.6%

Shares of BATS:PBL opened at $32.98 on Wednesday. The business’s 50-day simple moving average is $33.46 and its 200 day simple moving average is $32.51. PGIM Portfolio Ballast ETF has a one year low of $29.56 and a one year high of $34.37.

Institutional Trading of PGIM Portfolio Ballast ETF

An institutional investor recently raised its position in PGIM Portfolio Ballast ETF stock. Royal Bank of Canada grew its position in shares of PGIM Portfolio Ballast ETF (BATS:PBL) by 45.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,510 shares of the company’s stock after purchasing an additional 6,982 shares during the period. Royal Bank of Canada owned approximately 1.05% of PGIM Portfolio Ballast ETF worth $675,000 as of its most recent SEC filing.

About PGIM Portfolio Ballast ETF

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.