PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,276 shares, a drop of 59.9% from the May 14th total of 3,180 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 4,405 shares, the days-to-cover ratio is presently 0.3 days.
PGIM S&P 500 Buffer 12 ETF – March Price Performance
BATS MRCP opened at $34.06 on Friday. The stock has a fifty day moving average of $33.57 and a 200-day moving average of $32.60. PGIM S&P 500 Buffer 12 ETF – March has a 52 week low of $29.08 and a 52 week high of $34.42.
Hedge Funds Weigh In On PGIM S&P 500 Buffer 12 ETF – March
Several institutional investors and hedge funds have recently made changes to their positions in MRCP. Commonwealth Equity Services LLC raised its position in shares of PGIM S&P 500 Buffer 12 ETF – March by 6.6% during 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 period. Royal Bank of Canada acquired a new position in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter valued at approximately $311,000. Finally, PNC Financial Services Group Inc. increased its stake 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 worth $63,000 after purchasing an additional 1,382 shares in the last quarter.
About PGIM S&P 500 Buffer 12 ETF – March
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.
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