PGIM S&P 500 Buffer 20 ETF – February (BATS:PBFB) Sees Large Decline in Short Interest

by · The Markets Daily

PGIM S&P 500 Buffer 20 ETF – February (BATS:PBFB – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,859 shares, a drop of 38.5% from the September 15th total of 4,651 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 2,218 shares, the short-interest ratio is currently 1.3 days.

PGIM S&P 500 Buffer 20 ETF – February Stock Performance

Shares of PBFB opened at $32.71 on Friday. PGIM S&P 500 Buffer 20 ETF – February has a 12-month low of $29.57 and a 12-month high of $32.88. The stock’s 50-day moving average price is $32.57 and its 200 day moving average price is $31.92.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. American Asset Management Inc. grew its position in shares of PGIM S&P 500 Buffer 20 ETF – February by 551.9% in the 1st quarter. American Asset Management Inc. now owns 84,119 shares of the company’s stock valued at $2,527,000 after buying an additional 71,215 shares during the last quarter. Jim Saulnier & Associates LLC increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – February by 94.1% in the first quarter. Jim Saulnier & Associates LLC now owns 93,746 shares of the company’s stock valued at $2,816,000 after buying an additional 45,460 shares during the period. Kestra Advisory Services LLC increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – February by 70.6% in the first quarter. Kestra Advisory Services LLC now owns 30,853 shares of the company’s stock valued at $927,000 after buying an additional 12,763 shares during the period. Royal Bank of Canada acquired a new stake in shares of PGIM S&P 500 Buffer 20 ETF – February in the first quarter valued at about $231,000. Finally, Kintra Wealth LLC raised its position in shares of PGIM S&P 500 Buffer 20 ETF – February by 72.6% during the second quarter. Kintra Wealth LLC now owns 16,300 shares of the company’s stock worth $529,000 after acquiring an additional 6,858 shares during the last quarter.

About PGIM S&P 500 Buffer 20 ETF – February

(Get Free Report)

The PGIM US Large-Cap Buffer 20 ETF – February (PBFB) 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. PBFB was launched on Jan 31, 2024 and is issued by PGIM.

Further Reading