PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Stock Short Interest Jumps 245.0%

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 16,514 shares, a growth of 245.0% from the October 15th total of 4,786 shares. Based on an average daily volume of 14,703 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the company’s shares are sold short.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Stock Performance

Shares of PBQQ traded down $0.13 during midday trading on Thursday, hitting $31.44. 35,548 shares of the stock were exchanged, compared to its average volume of 20,702. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 52-week low of $27.77 and a 52-week high of $32.86. The stock has a fifty day simple moving average of $32.03 and a 200 day simple moving average of $30.75. The firm has a market cap of $98.09 million, a P/E ratio of 30.37 and a beta of 0.67.

Hedge Funds Weigh In On PGIM Laddered Nasdaq-100 Buffer 12 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF in the third quarter valued at approximately $1,708,000. Western Wealth Management LLC purchased a new stake in PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter worth approximately $248,000. Kestra Advisory Services LLC acquired a new stake in PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter worth approximately $394,000. DHJJ Financial Advisors Ltd. lifted its holdings in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 9.6% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 13,961 shares of the company’s stock worth $452,000 after buying an additional 1,227 shares in the last quarter. Finally, Red Crane Wealth Management LLC boosted its position in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 219.8% in the 3rd quarter. Red Crane Wealth Management LLC now owns 60,506 shares of the company’s stock valued at $1,961,000 after buying an additional 41,589 shares during the period.

About PGIM Laddered Nasdaq-100 Buffer 12 ETF

The PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ was launched on Dec 27, 2024 and is issued by PGIM.