PGIM Portfolio Ballast ETF (BATS:PBL) Short Interest Update

PGIM Portfolio Ballast ETF (BATS:PBL) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,293 shares, a growth of 602.7% from the May 31st total of 184 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,813 shares, the days-to-cover ratio is presently 0.2 days.

PGIM Portfolio Ballast ETF Stock Performance

BATS PBL opened at $32.63 on Friday. The company has a 50-day moving average price of $32.67 and a two-hundred day moving average price of $31.56. PGIM Portfolio Ballast ETF has a 52 week low of $29.07 and a 52 week high of $33.54.

Institutional Trading of PGIM Portfolio Ballast ETF

A number of large investors have recently added to or reduced their stakes in PBL. Royal Bank of Canada raised its holdings in shares of PGIM Portfolio Ballast ETF by 45.0% during the first quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock valued at $675,000 after acquiring an additional 6,982 shares during the period. Osaic Holdings Inc. acquired a new position in PGIM Portfolio Ballast ETF in the 4th quarter valued at approximately $244,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of PGIM Portfolio Ballast ETF during the fourth quarter worth $1,863,000. Cary Street Partners Financial LLC lifted its stake in PGIM Portfolio Ballast ETF by 4.6% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock valued at $38,073,000 after acquiring an additional 53,804 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new stake in shares of PGIM Portfolio Ballast ETF in the 3rd quarter valued at $538,000.

PGIM Portfolio Ballast ETF Company Profile

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.