PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Sees Significant Decrease in Short Interest

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,955 shares, a drop of 68.1% from the February 12th total of 15,548 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,743 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 7,743 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of PGIM Laddered Nasdaq-100 Buffer 12 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PBQQ. DHJJ Financial Advisors Ltd. boosted its holdings in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 98.3% during the third quarter. DHJJ Financial Advisors Ltd. now owns 1,787 shares of the company’s stock worth $50,000 after buying an additional 886 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 4th quarter valued at approximately $224,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter valued at approximately $244,000. OLD Mission Capital LLC purchased a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 4th quarter worth approximately $414,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF by 10.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,009 shares of the company’s stock worth $779,000 after acquiring an additional 2,571 shares during the period.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Price Performance

Shares of PBQQ stock opened at $28.84 on Wednesday. The business’s fifty day moving average price is $28.89 and its 200 day moving average price is $28.45. The firm has a market capitalization of $32.88 million, a PE ratio of 30.37 and a beta of 0.54. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 1-year low of $22.43 and a 1-year high of $29.28.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.0042 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 1.0%.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Company Profile

The PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ was launched on Dec 27, 2024 and is issued by PGIM.