Short Interest in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Declines By 42.5%

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 19,229 shares, a drop of 42.5% from the May 14th total of 33,450 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 12,246 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 20 ETF – May

A hedge fund recently bought a new stake in PGIM S&P 500 Buffer 20 ETF – May stock. Blue Water Asset Management acquired a new position in PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 9,399 shares of the company’s stock, valued at approximately $282,000. Blue Water Asset Management owned about 2.04% of PGIM S&P 500 Buffer 20 ETF – May as of its most recent filing with the SEC.

PGIM S&P 500 Buffer 20 ETF – May Trading Up 0.2%

Shares of PBMY stock opened at $31.01 on Friday. PGIM S&P 500 Buffer 20 ETF – May has a fifty-two week low of $28.31 and a fifty-two week high of $31.48. The business’s 50 day moving average price is $30.80 and its 200-day moving average price is $30.33.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.