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

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,276 shares, a decline of 59.9% from the May 14th total of 3,180 shares. Based on an average trading volume of 4,405 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are short sold.

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

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of PGIM S&P 500 Buffer 12 ETF – March by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock worth $1,466,000 after purchasing an additional 2,840 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the 1st 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 last quarter. Finally, Royal Bank of Canada bought a new stake in PGIM S&P 500 Buffer 12 ETF – March during the 1st quarter valued at $311,000.

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

Shares of MRCP stock opened at $34.14 on Friday. The business has a 50-day moving average of $33.61 and a 200 day moving average of $32.61. PGIM S&P 500 Buffer 12 ETF – March has a 1-year low of $29.08 and a 1-year high of $34.42.

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.