PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,450 shares, an increase of 142.8% from the April 30th total of 13,779 shares. Currently, 7.3% of the shares of the company are short sold. Based on an average daily volume of 55,951 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – May

A hedge fund recently raised its stake in PGIM S&P 500 Buffer 20 ETF – May stock. Royal Bank of Canada raised its stake in shares of PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,139 shares of the company’s stock after buying an additional 394 shares during the period. Royal Bank of Canada owned approximately 1.12% of PGIM S&P 500 Buffer 20 ETF – May worth $154,000 as of its most recent SEC filing.

PGIM S&P 500 Buffer 20 ETF – May Trading Up 0.1%

Shares of BATS:PBMY opened at $31.21 on Tuesday. The company’s 50-day moving average price is $30.64 and its 200 day moving average price is $30.24. PGIM S&P 500 Buffer 20 ETF – May has a fifty-two week low of $28.16 and a fifty-two week high of $31.48.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.