Short Interest in PGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR) Drops By 48.7%
by Sarita Garza · The Markets DailyPGIM S&P 500 Buffer 20 ETF – March (BATS:PBMR – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,522 shares, a decline of 48.7% from the August 15th total of 2,966 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,741 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PBMR. Kintra Wealth LLC increased its stake in shares of PGIM S&P 500 Buffer 20 ETF – March by 95.2% during the second quarter. Kintra Wealth LLC now owns 16,330 shares of the company’s stock valued at $532,000 after buying an additional 7,963 shares during the period. Royal Bank of Canada increased its position in PGIM S&P 500 Buffer 20 ETF – March by 464.2% during the 1st quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $139,000 after buying an additional 3,783 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of PGIM S&P 500 Buffer 20 ETF – March by 31.0% during the first quarter. Cetera Investment Advisers now owns 17,748 shares of the company’s stock valued at $538,000 after acquiring an additional 4,203 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in PGIM S&P 500 Buffer 20 ETF – March by 82.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,188 shares of the company’s stock worth $339,000 after purchasing an additional 5,068 shares in the last quarter. Finally, Jim Saulnier & Associates LLC grew its position in PGIM S&P 500 Buffer 20 ETF – March by 30.4% during the 1st quarter. Jim Saulnier & Associates LLC now owns 94,790 shares of the company’s stock valued at $2,874,000 after purchasing an additional 22,071 shares during the last quarter.
PGIM S&P 500 Buffer 20 ETF – March Stock Down 0.1%
Shares of BATS:PBMR opened at $32.64 on Tuesday. The stock’s 50-day moving average price is $32.42 and its 200-day moving average price is $31.73. PGIM S&P 500 Buffer 20 ETF – March has a 12-month low of $29.63 and a 12-month high of $32.99.
PGIM S&P 500 Buffer 20 ETF – March Company Profile
The PGIM US Large-Cap Buffer 20 ETF – March (PBMR) 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. PBMR was launched on Feb 29, 2024 and is issued by PGIM.