PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Short Interest Update

by · The Cerbat Gem

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 3,180 shares, a growth of 158.1% from the April 30th total of 1,232 shares. Based on an average daily volume of 4,850 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MRCP. PNC Financial Services Group Inc. boosted its stake in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after acquiring an additional 1,382 shares in the last quarter. Royal Bank of Canada bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – March during the first quarter valued at approximately $311,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of PGIM S&P 500 Buffer 12 ETF – March by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock valued at $1,466,000 after purchasing an additional 2,840 shares during the last quarter.

PGIM S&P 500 Buffer 12 ETF – March Trading Up 0.1%

Shares of BATS:MRCP traded up $0.05 on Friday, hitting $34.38. The company had a trading volume of 1,094 shares, compared to its average volume of 4,896. The firm’s 50-day simple moving average is $33.10 and its two-hundred day simple moving average is $32.41. PGIM S&P 500 Buffer 12 ETF – March has a 1 year low of $28.89 and a 1 year high of $34.40.

About PGIM S&P 500 Buffer 12 ETF – March

(Get Free Report)

The PGIM US Large-Cap Buffer 12 ETF – March (MRCP) 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. MRCP was launched on Feb 29, 2024 and is issued by PGIM.

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