PGIM S&P 500 Buffer 20 ETF – December (BATS:PBDE) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 20 ETF – December (BATS:PBDE) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 3,631 shares, an increase of 1,629.0% from the May 31st total of 210 shares. Based on an average trading volume of 4,324 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. lifted its position in shares of PGIM S&P 500 Buffer 20 ETF – December by 24.5% in the 4th quarter. DHJJ Financial Advisors Ltd. now owns 2,079 shares of the company’s stock worth $61,000 after purchasing an additional 409 shares during the period. Jane Street Group LLC bought a new position in PGIM S&P 500 Buffer 20 ETF – December during the fourth quarter worth $201,000. Royal Bank of Canada raised its stake in PGIM S&P 500 Buffer 20 ETF – December by 59.6% during the first quarter. Royal Bank of Canada now owns 7,886 shares of the company’s stock worth $229,000 after buying an additional 2,945 shares during the last quarter. Redwood Family Wealth LLC bought a new stake in PGIM S&P 500 Buffer 20 ETF – December during the fourth quarter valued at $288,000. Finally, BCGM Wealth Management LLC bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – December in the 4th quarter worth about $300,000.

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

PBDE remained flat at $30.72 during trading on Thursday. 22,620 shares of the company’s stock were exchanged, compared to its average volume of 4,422. The stock has a 50 day moving average price of $30.59 and a two-hundred day moving average price of $29.85. PGIM S&P 500 Buffer 20 ETF – December has a 52-week low of $27.15 and a 52-week high of $32.11.

About PGIM S&P 500 Buffer 20 ETF – December

The PGIM S&P 500 Buffer 20 ETF – December (PBDE) 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. PBDE was launched on May 24, 2024 and is issued by PGIM.