PGIM S&P 500 Buffer 20 ETF – July (BATS:PBJL) Sees Large Growth in Short Interest

PGIM S&P 500 Buffer 20 ETF – July (BATS:PBJL) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 32,552 shares, a growth of 97.9% from the July 15th total of 16,452 shares. Based on an average daily trading volume, of 20,751 shares, the days-to-cover ratio is presently 1.6 days. Currently, 7.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in PGIM S&P 500 Buffer 20 ETF – July in the 3rd quarter worth about $133,000. Blue Water Asset Management bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – July during the 4th quarter worth approximately $335,000. Royal Bank of Canada bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – July during the 1st quarter worth approximately $1,762,000. Finally, Foguth Wealth Management LLC. boosted its stake in shares of PGIM S&P 500 Buffer 20 ETF – July by 0.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 434,444 shares of the company’s stock worth $13,531,000 after buying an additional 3,094 shares during the last quarter.

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

Shares of BATS:PBJL opened at $31.88 on Friday. The stock’s fifty day simple moving average is $31.36 and its two-hundred day simple moving average is $30.72. PGIM S&P 500 Buffer 20 ETF – July has a 1-year low of $28.80 and a 1-year high of $32.15.

About PGIM S&P 500 Buffer 20 ETF – July

The PGIM S&P 500 Buffer 20 ETF – July (PBJL) 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. PBJL was launched on May 7, 2024 and is issued by PGIM.