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

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 28,782 shares, an increase of 157.1% from the May 14th total of 11,197 shares. Based on an average daily volume of 22,075 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.4% of the shares of the stock are short sold.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Stock Up 0.2%

PBQQ traded up $0.07 during trading on Friday, hitting $31.25. The company’s stock had a trading volume of 12,004 shares, compared to its average volume of 20,410. The firm’s 50 day moving average price is $30.60 and its two-hundred day moving average price is $29.40. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 12 month low of $25.97 and a 12 month high of $31.70. The stock has a market capitalization of $62.81 million, a price-to-earnings ratio of 30.37 and a beta of 0.64.

Hedge Funds Weigh In On PGIM Laddered Nasdaq-100 Buffer 12 ETF

Several institutional investors have recently bought and sold shares of PBQQ. Foguth Wealth Management LLC. bought a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF in the 4th quarter valued at $12,360,000. AssuredPartners Investment Advisors LLC raised its position in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 623.3% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 62,724 shares of the company’s stock valued at $1,808,000 after purchasing an additional 54,052 shares during the last quarter. Centaurus Financial Inc. raised its position in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 406.8% in the 1st quarter. Centaurus Financial Inc. now owns 35,369 shares of the company’s stock valued at $1,002,000 after purchasing an additional 28,390 shares during the last quarter. OLD Mission Capital LLC bought a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF in the 4th quarter valued at $414,000. Finally, Cetera Investment Advisers bought a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF in the 4th quarter valued at $224,000.

About PGIM Laddered Nasdaq-100 Buffer 12 ETF

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.