PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Sees Significant Drop in Short Interest

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 4,116 shares, a decline of 48.1% from the September 15th total of 7,927 shares. Based on an average trading volume of 3,887 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.5% of the company’s stock are short sold.

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

BATS MRCP opened at $35.45 on Thursday. PGIM S&P 500 Buffer 12 ETF – March has a 12 month low of $30.94 and a 12 month high of $35.63. The stock’s fifty day moving average price is $35.21 and its 200-day moving average price is $34.32.

Institutional Trading of PGIM S&P 500 Buffer 12 ETF – March

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 12 ETF – March stock. PNC Financial Services Group Inc. grew its holdings in PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) by 224.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,998 shares of the company’s stock after purchasing an additional 1,382 shares during the period. PNC Financial Services Group Inc. owned about 0.71% of PGIM S&P 500 Buffer 12 ETF – March worth $63,000 as of its most recent SEC filing.

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.