PGIM S&P 500 Buffer 12 ETF – February (BATS:FEBP) Sees Significant Decline in Short Interest

PGIM S&P 500 Buffer 12 ETF – February (BATS:FEBP) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,090 shares, a decline of 80.4% from the August 15th total of 10,639 shares. Based on an average daily volume of 4,179 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the stock are sold short.

PGIM S&P 500 Buffer 12 ETF – February Trading Down 0.3%

FEBP opened at $34.67 on Friday. The company has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $33.44. PGIM S&P 500 Buffer 12 ETF – February has a 1-year low of $30.60 and a 1-year high of $34.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in PGIM S&P 500 Buffer 12 ETF – February in the 4th quarter worth $120,000. Commonwealth Equity Services LLC increased its stake in PGIM S&P 500 Buffer 12 ETF – February by 18.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,987 shares of the company’s stock worth $573,000 after buying an additional 2,739 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in PGIM S&P 500 Buffer 12 ETF – February during the first quarter valued at about $447,000.

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

The PGIM US Large-Cap Buffer 12 ETF – February (FEBP) 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. FEBP was launched on Jan 31, 2024 and is issued by PGIM.