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

PGIM Portfolio Ballast ETF (BATS:PBL) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 621 shares, a decrease of 31.9% from the June 30th total of 912 shares. Based on an average daily trading volume, of 1,210 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On PGIM Portfolio Ballast ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC acquired a new stake in PGIM Portfolio Ballast ETF in the fourth quarter valued at approximately $1,863,000. Cary Street Partners Financial LLC grew its stake in PGIM Portfolio Ballast ETF by 4.6% during the 4th quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock valued at $38,073,000 after purchasing an additional 53,804 shares during the last quarter. Wolverine Trading LLC purchased a new stake in PGIM Portfolio Ballast ETF in the third quarter valued at approximately $538,000. Jane Street Group LLC purchased a new stake in shares of PGIM Portfolio Ballast ETF in the 2nd quarter valued at $530,000. Finally, Royal Bank of Canada raised its stake in shares of PGIM Portfolio Ballast ETF by 108.4% during the 1st quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock valued at $293,000 after buying an additional 5,562 shares during the last quarter.

PGIM Portfolio Ballast ETF Price Performance

PGIM Portfolio Ballast ETF stock opened at $33.00 on Friday. The firm has a 50-day moving average of $33.08 and a two-hundred day moving average of $31.86. PGIM Portfolio Ballast ETF has a 1 year low of $29.48 and a 1 year high of $33.54.

About PGIM Portfolio Ballast ETF

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.