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

PGIM S&P 500 Buffer 20 ETF – April (BATS:PBAP) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 15,073 shares, a decrease of 56.0% from the May 14th total of 34,240 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 3,534 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PBAP. Cetera Investment Advisers lifted its stake 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 valued at $347,000 after buying an additional 2,378 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – April in the third quarter valued at $410,000. Finally, Blue Water Asset Management bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – April in the fourth quarter valued at $839,000.

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

Shares of BATS PBAP opened at $30.86 on Monday. PGIM S&P 500 Buffer 20 ETF – April has a 12-month low of $27.29 and a 12-month high of $31.89. The company’s fifty day simple moving average is $30.56 and its 200 day simple moving average is $29.59.

About PGIM S&P 500 Buffer 20 ETF – April

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.