PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Short Interest Up 142.8% in May

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 33,450 shares, a growth of 142.8% from the April 30th total of 13,779 shares. Approximately 7.3% of the company’s shares are short sold. Based on an average daily trading volume, of 55,951 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – May

An institutional investor recently raised its position in PGIM S&P 500 Buffer 20 ETF – May stock. Royal Bank of Canada raised its stake in shares of PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,139 shares of the company’s stock after buying an additional 394 shares during the quarter. Royal Bank of Canada owned about 1.12% of PGIM S&P 500 Buffer 20 ETF – May worth $154,000 at the end of the most recent reporting period.

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

PGIM S&P 500 Buffer 20 ETF – May stock opened at $31.19 on Friday. PGIM S&P 500 Buffer 20 ETF – May has a 1 year low of $28.16 and a 1 year high of $31.21. The business has a 50-day moving average of $30.62 and a 200-day moving average of $30.23.

PGIM S&P 500 Buffer 20 ETF – May Company Profile

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.