PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Short Interest Update

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,257 shares, a growth of 326.4% from the July 15th total of 1,233 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 4,291 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter valued at $311,000. Commonwealth Equity Services LLC grew its position in PGIM S&P 500 Buffer 12 ETF – March by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock worth $1,466,000 after acquiring an additional 2,840 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after acquiring an additional 1,382 shares during the last quarter.

PGIM S&P 500 Buffer 12 ETF – March Trading Up 0.3%

MRCP stock opened at $35.08 on Thursday. The company has a 50 day simple moving average of $34.41 and a 200 day simple moving average of $33.38. PGIM S&P 500 Buffer 12 ETF – March has a 1 year low of $30.42 and a 1 year high of $35.10.

PGIM S&P 500 Buffer 12 ETF – March Company Profile

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.