PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) Sees Large Decline in Short Interest

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,210 shares, a decrease of 73.4% from the May 14th total of 12,080 shares. Based on an average daily volume of 20,339 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – March

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 464.2% in the 1st quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $139,000 after buying an additional 3,783 shares in the last quarter. Cetera Investment Advisers raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% in the 1st quarter. Cetera Investment Advisers now owns 17,748 shares of the company’s stock valued at $538,000 after buying an additional 4,203 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 82.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,188 shares of the company’s stock valued at $339,000 after buying an additional 5,068 shares in the last quarter. Blue Water Asset Management acquired a new position in shares of PGIM S&P 500 Buffer 20 ETF – March in the 4th quarter valued at approximately $543,000. Finally, Jim Saulnier & Associates LLC raised its position in shares of PGIM S&P 500 Buffer 20 ETF – March by 30.4% in the 1st quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after buying an additional 22,071 shares in the last quarter.

PGIM S&P 500 Buffer 20 ETF – March Price Performance

PBMR opened at $31.93 on Friday. The company’s 50 day simple moving average is $31.57 and its 200-day simple moving average is $30.89. PGIM S&P 500 Buffer 20 ETF – March has a one year low of $28.28 and a one year high of $32.99.

About PGIM S&P 500 Buffer 20 ETF – March

The PGIM US Large-Cap Buffer 20 ETF – March (PBMR) 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. PBMR was launched on Feb 29, 2024 and is issued by PGIM.