Short Interest in PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) Increases By 93.9%

PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 28,450 shares, an increase of 93.9% from the August 15th total of 14,672 shares. Based on an average daily trading volume, of 3,703 shares, the days-to-cover ratio is presently 7.7 days. Approximately 5.7% of the company’s shares are short sold.

PGIM S&P 500 Buffer 12 ETF – October Stock Down 0.3%

Shares of OCTP stock opened at $33.08 on Wednesday. The firm’s 50-day moving average is $32.82 and its two-hundred day moving average is $31.77. PGIM S&P 500 Buffer 12 ETF – October has a 12 month low of $29.03 and a 12 month high of $33.24.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – October

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of PGIM S&P 500 Buffer 12 ETF – October by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,361 shares of the company’s stock valued at $159,000 after purchasing an additional 622 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of PGIM S&P 500 Buffer 12 ETF – October by 3.1% during the second quarter. NewEdge Advisors LLC now owns 25,020 shares of the company’s stock valued at $809,000 after acquiring an additional 750 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of PGIM S&P 500 Buffer 12 ETF – October in the 2nd quarter worth approximately $41,000. Royal Bank of Canada acquired a new stake in PGIM S&P 500 Buffer 12 ETF – October in the 1st quarter valued at approximately $141,000. Finally, Commonwealth Equity Services LLC lifted its stake in PGIM S&P 500 Buffer 12 ETF – October by 965.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 131,902 shares of the company’s stock worth $4,003,000 after purchasing an additional 119,526 shares in the last quarter.

PGIM S&P 500 Buffer 12 ETF – October Company Profile

The PGIM US Large-Cap Buffer 12 ETF – October (OCTP) 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 OCTP was launched on May 17, 2024 and is issued by PGIM.