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 growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,631 shares, a growth of 1,629.0% from the May 31st total of 210 shares. Based on an average daily trading volume, of 4,324 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in PGIM S&P 500 Buffer 20 ETF – December by 59.6% in the 1st quarter. Royal Bank of Canada now owns 7,886 shares of the company’s stock valued at $229,000 after purchasing an additional 2,945 shares during the last quarter. Redwood Family Wealth LLC bought a new stake in shares of PGIM S&P 500 Buffer 20 ETF – December during the fourth quarter worth approximately $288,000. Cetera Investment Advisers boosted its stake in PGIM S&P 500 Buffer 20 ETF – December by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 19,908 shares of the company’s stock valued at $587,000 after purchasing an additional 784 shares during the period. Jane Street Group LLC acquired a new stake in shares of PGIM S&P 500 Buffer 20 ETF – December during the fourth quarter worth $201,000. Finally, Commonwealth Equity Services LLC increased its position in PGIM S&P 500 Buffer 20 ETF – December by 229.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 55,784 shares of the company’s stock worth $1,644,000 after acquiring an additional 38,852 shares during the period.

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

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

PGIM S&P 500 Buffer 20 ETF – December Company Profile

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.