PGIM Portfolio Ballast ETF (BATS:PBL) Stock Short Interest Falls 86.8%

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

Institutional Trading of PGIM Portfolio Ballast ETF

An institutional investor recently raised its stake in PGIM Portfolio Ballast ETF stock. Royal Bank of Canada raised its stake in shares of PGIM Portfolio Ballast ETF (BATS:PBL) by 45.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,510 shares of the company’s stock after purchasing 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 quarter.

PGIM Portfolio Ballast ETF Price Performance

PBL opened at $33.31 on Thursday. PGIM Portfolio Ballast ETF has a 12-month low of $29.56 and a 12-month high of $34.37. The firm has a 50 day moving average of $33.46 and a two-hundred day moving average of $32.52.

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.