PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) Sees Significant Growth in Short Interest

PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 22,369 shares, a growth of 1,237.1% from the August 15th total of 1,673 shares. Approximately 11.8% of the shares of the stock are sold short. Based on an average trading volume of 4,773 shares, the days-to-cover ratio is presently 4.7 days.

PGIM S&P 500 Buffer 12 ETF – November Trading Up 0.7%

Shares of NOVP opened at $33.38 on Friday. The stock has a 50-day moving average price of $33.04 and a 200-day moving average price of $31.91. PGIM S&P 500 Buffer 12 ETF – November has a 12-month low of $29.08 and a 12-month high of $33.55.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – November

A number of institutional investors and hedge funds have recently bought and sold shares of NOVP. Royal Bank of Canada lifted its position in PGIM S&P 500 Buffer 12 ETF – November by 88.5% during the fourth quarter. Royal Bank of Canada now owns 7,264 shares of the company’s stock valued at $221,000 after purchasing an additional 3,410 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – November in the 4th quarter worth $391,000. Maltin Wealth Management Inc. purchased a new stake in shares of PGIM S&P 500 Buffer 12 ETF – November during the 1st quarter valued at $495,000. Kestra Advisory Services LLC purchased a new stake in shares of PGIM S&P 500 Buffer 12 ETF – November during the 4th quarter valued at $668,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of PGIM S&P 500 Buffer 12 ETF – November by 199.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,162 shares of the company’s stock worth $1,070,000 after acquiring an additional 23,415 shares during the last quarter.

About PGIM S&P 500 Buffer 12 ETF – November

The PGIM S&P 500 Buffer 12 ETF – November (NOVP) 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. NOVP was launched on May 21, 2024 and is issued by PGIM.