PGIM S&P 500 Buffer 20 ETF – September (BATS:PBSE) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 20 ETF – September (BATS:PBSE) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,593 shares, an increase of 147.5% from the April 30th total of 1,452 shares. Based on an average daily volume of 7,280 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.3% of the company’s shares are short sold.

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

Shares of PBSE stock opened at $30.75 on Tuesday. PGIM S&P 500 Buffer 20 ETF – September has a fifty-two week low of $27.13 and a fifty-two week high of $30.76. The stock’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $29.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PBSE. Kestra Advisory Services LLC purchased a new stake in shares of PGIM S&P 500 Buffer 20 ETF – September in the fourth quarter valued at $161,000. Royal Bank of Canada acquired a new position in shares of PGIM S&P 500 Buffer 20 ETF – September during the 1st quarter valued at $210,000. Raymond James Financial Inc. acquired a new stake in shares of PGIM S&P 500 Buffer 20 ETF – September in the third quarter worth $227,000. Richard P Slaughter Associates Inc raised its holdings in PGIM S&P 500 Buffer 20 ETF – September by 4.2% during the fourth quarter. Richard P Slaughter Associates Inc now owns 441,890 shares of the company’s stock valued at $13,019,000 after buying an additional 17,943 shares in the last quarter. Finally, American Asset Management Inc. bought a new position in shares of PGIM S&P 500 Buffer 20 ETF – September in the third quarter worth about $1,355,000.

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

The PGIM US Large-Cap Buffer 20 ETF – September (PBSE) 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 PBSE was launched on May 14, 2024 and is issued by PGIM.