PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Short Interest Down 42.5% in May

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 19,229 shares, a drop of 42.5% from the May 14th total of 33,450 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 12,246 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 20 ETF – May stock. Royal Bank of Canada increased its position in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,139 shares of the company’s stock after purchasing an additional 394 shares during the quarter. Royal Bank of Canada owned approximately 1.12% of PGIM S&P 500 Buffer 20 ETF – May worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

PGIM S&P 500 Buffer 20 ETF – May Stock Performance

PBMY opened at $31.01 on Friday. The business has a 50 day moving average of $30.80 and a 200-day moving average of $30.33. PGIM S&P 500 Buffer 20 ETF – May has a 52 week low of $28.31 and a 52 week high of $31.48.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.