PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Stock Short Interest Jumps 245.0%

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 16,514 shares, an increase of 245.0% from the October 15th total of 4,786 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 14,703 shares, the short-interest ratio is presently 1.1 days.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Stock Down 0.4%

NASDAQ PBQQ traded down $0.13 during trading hours on Thursday, hitting $31.44. 35,548 shares of the company were exchanged, compared to its average volume of 20,702. The firm has a market cap of $98.09 million, a price-to-earnings ratio of 30.37 and a beta of 0.67. The company has a 50 day moving average of $32.03 and a two-hundred day moving average of $30.75. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 52-week low of $27.77 and a 52-week high of $32.86.

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

A number of institutional investors and hedge funds have recently made changes to their positions in PBQQ. Western Wealth Management LLC purchased a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the third quarter worth approximately $248,000. Cetera Investment Advisers raised its holdings in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 68.5% in the first quarter. Cetera Investment Advisers now owns 13,091 shares of the company’s stock valued at $371,000 after acquiring an additional 5,320 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF in the third quarter worth approximately $394,000. DHJJ Financial Advisors Ltd. lifted its stake in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 9.6% in the third quarter. DHJJ Financial Advisors Ltd. now owns 13,961 shares of the company’s stock worth $452,000 after acquiring an additional 1,227 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF in the third quarter worth approximately $989,000.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Company Profile

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.