Short Interest in PGIM S&P 500 Buffer 12 ETF – January (BATS:JANP) Drops By 81.4%

PGIM S&P 500 Buffer 12 ETF – January (BATS:JANP) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 10,999 shares, a decline of 81.4% from the June 15th total of 59,288 shares. Based on an average trading volume of 5,152 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.9% of the company’s shares are sold short.

PGIM S&P 500 Buffer 12 ETF – January Stock Performance

JANP stock traded up $0.05 during midday trading on Friday, reaching $34.93. The company’s stock had a trading volume of 5,914 shares, compared to its average volume of 15,755. PGIM S&P 500 Buffer 12 ETF – January has a 1 year low of $30.37 and a 1 year high of $34.95. The stock has a fifty day simple moving average of $34.49 and a two-hundred day simple moving average of $33.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JANP. Kestra Advisory Services LLC lifted its holdings in PGIM S&P 500 Buffer 12 ETF – January by 6.6% during the 1st quarter. Kestra Advisory Services LLC now owns 9,918 shares of the company’s stock valued at $316,000 after buying an additional 618 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of PGIM S&P 500 Buffer 12 ETF – January in the first quarter valued at about $430,000. Royal Bank of Canada grew its holdings in PGIM S&P 500 Buffer 12 ETF – January by 78.3% during the 1st quarter. Royal Bank of Canada now owns 15,470 shares of the company’s stock worth $494,000 after acquiring an additional 6,796 shares in the last quarter. Centaurus Financial Inc. increased its position in PGIM S&P 500 Buffer 12 ETF – January by 157.2% during the 1st quarter. Centaurus Financial Inc. now owns 19,754 shares of the company’s stock valued at $630,000 after purchasing an additional 12,075 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in PGIM S&P 500 Buffer 12 ETF – January by 27.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,889 shares of the company’s stock valued at $650,000 after purchasing an additional 4,313 shares during the period.

About PGIM S&P 500 Buffer 12 ETF – January

The PGIM US Large-Cap Buffer 12 ETF – January (JANP) 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. JANP was launched on Dec 29, 2023 and is issued by PGIM.