PGIM Portfolio Ballast ETF (BATS:PBL) Sees Large Decline in Short Interest

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 377 shares, a decrease of 86.8% from the October 15th total of 2,847 shares. Based on an average daily volume of 4,269 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

PGIM Portfolio Ballast ETF Trading Down 0.4%

PGIM Portfolio Ballast ETF stock opened at $33.17 on Friday. The business’s 50-day moving average price is $33.46 and its two-hundred day moving average price is $32.53. PGIM Portfolio Ballast ETF has a 12-month low of $29.56 and a 12-month high of $34.37.

Institutional Trading of PGIM Portfolio Ballast ETF

An institutional investor recently raised its position in PGIM Portfolio Ballast ETF stock. Royal Bank of Canada increased its position in PGIM Portfolio Ballast ETF (BATS:PBL) by 45.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,510 shares of the company’s stock after buying an additional 6,982 shares during the period. Royal Bank of Canada owned 1.05% of PGIM Portfolio Ballast ETF worth $675,000 at the end of the most recent reporting period.

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.