PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) Sees Significant Growth in Short Interest

PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,238 shares, a growth of 6,090.0% from the June 30th total of 20 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 5,578 shares, the days-to-cover ratio is currently 0.2 days.

PGIM S&P 500 Buffer 20 ETF – March Trading Up 0.0%

Shares of BATS:PBMR opened at $32.08 on Friday. PGIM S&P 500 Buffer 20 ETF – March has a 12 month low of $28.98 and a 12 month high of $32.99. The firm’s 50-day moving average is $32.02 and its 200 day moving average is $31.26.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PBMR. Blue Water Asset Management purchased a new position in shares of PGIM S&P 500 Buffer 20 ETF – March during the fourth quarter worth approximately $543,000. Kestra Advisory Services LLC bought a new position in PGIM S&P 500 Buffer 20 ETF – March in the fourth quarter worth approximately $187,000. Jim Saulnier & Associates LLC increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 30.4% during the first quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after buying an additional 22,071 shares during the period. Cetera Investment Advisers increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% during the first quarter. Cetera Investment Advisers now owns 17,748 shares of the company’s stock valued at $538,000 after buying an additional 4,203 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of PGIM S&P 500 Buffer 20 ETF – March by 464.2% in the first quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $139,000 after acquiring an additional 3,783 shares in the last quarter.

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

The PGIM US Large-Cap Buffer 20 ETF – March (PBMR) 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. PBMR was launched on Feb 29, 2024 and is issued by PGIM.