Short Interest in PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Increases By 257.9%

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,567 shares, a growth of 257.9% from the May 31st total of 1,276 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 2,305 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of PGIM S&P 500 Buffer 12 ETF – March by 224.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock valued at $63,000 after buying an additional 1,382 shares during the period. Royal Bank of Canada purchased a new stake in PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter worth about $311,000. Finally, Commonwealth Equity Services LLC raised its stake in PGIM S&P 500 Buffer 12 ETF – March by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock valued at $1,466,000 after acquiring an additional 2,840 shares during the period.

PGIM S&P 500 Buffer 12 ETF – March Stock Performance

BATS MRCP opened at $33.30 on Monday. PGIM S&P 500 Buffer 12 ETF – March has a 52-week low of $29.74 and a 52-week high of $34.42. The company has a 50-day simple moving average of $33.95 and a 200 day simple moving average of $32.79.

PGIM S&P 500 Buffer 12 ETF – March Company Profile

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.