PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Sees Significant Drop in Short Interest

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,232 shares, a drop of 36.2% from the April 15th total of 1,932 shares. Based on an average daily volume of 3,565 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

PGIM S&P 500 Buffer 12 ETF – March Stock Performance

Shares of MRCP opened at $33.99 on Monday. The business’s fifty day moving average price is $32.72 and its 200 day moving average price is $32.22. PGIM S&P 500 Buffer 12 ETF – March has a 12-month low of $28.55 and a 12-month high of $34.12.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – March

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 12 ETF – March stock. PNC Financial Services Group Inc. raised its stake in PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) by 224.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,998 shares of the company’s stock after buying an additional 1,382 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.71% of PGIM S&P 500 Buffer 12 ETF – March worth $63,000 as of its most recent SEC filing.

About PGIM S&P 500 Buffer 12 ETF – March

The PGIM US Large-Cap Buffer 12 ETF – March (MRCP) 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. MRCP was launched on Feb 29, 2024 and is issued by PGIM.