Short Interest in PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) Expands By 93.9%

PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTPGet Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 28,450 shares, a growth of 93.9% from the August 15th total of 14,672 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 3,703 shares, the short-interest ratio is currently 7.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in PGIM S&P 500 Buffer 12 ETF – October by 965.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 131,902 shares of the company’s stock valued at $4,003,000 after acquiring an additional 119,526 shares during the period. NewEdge Advisors LLC lifted its position in shares of PGIM S&P 500 Buffer 12 ETF – October by 3.1% during the second 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. Ameritas Advisory Services LLC bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – October in the second quarter worth $41,000. Royal Bank of Canada bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – October in the first quarter worth $141,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of PGIM S&P 500 Buffer 12 ETF – October by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,361 shares of the company’s stock worth $159,000 after acquiring an additional 622 shares during the period.

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

BATS OCTP opened at $33.17 on Tuesday. The company’s 50 day moving average is $32.81 and its 200-day moving average is $31.75. PGIM S&P 500 Buffer 12 ETF – October has a 12-month low of $29.03 and a 12-month high of $33.24.

About PGIM S&P 500 Buffer 12 ETF – October

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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.

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