PGIM Portfolio Ballast ETF (BATS:PBL) Short Interest Update

PGIM Portfolio Ballast ETF (BATS:PBL) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,108 shares, a growth of 283.9% from the July 30th total of 1,070 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,955 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On PGIM Portfolio Ballast ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in PGIM Portfolio Ballast ETF by 45.0% during the 1st quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock valued at $675,000 after purchasing an additional 6,982 shares during the last quarter. Osaic Holdings Inc. bought a new stake in PGIM Portfolio Ballast ETF in the fourth quarter worth about $244,000. Cary Street Partners Investment Advisory LLC bought a new stake in PGIM Portfolio Ballast ETF in the fourth quarter worth about $1,863,000. Cary Street Partners Financial LLC boosted its position in shares of PGIM Portfolio Ballast ETF by 4.6% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock valued at $38,073,000 after buying an additional 53,804 shares during the period. Finally, Wolverine Trading LLC purchased a new position in shares of PGIM Portfolio Ballast ETF during the third quarter valued at approximately $538,000.

PGIM Portfolio Ballast ETF Trading Down 0.1%

PBL stock opened at $33.76 on Thursday. PGIM Portfolio Ballast ETF has a twelve month low of $29.56 and a twelve month high of $34.37. The firm’s fifty day simple moving average is $33.38 and its two-hundred day simple moving average is $32.22.

PGIM Portfolio Ballast ETF Company Profile

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.