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

PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,901 shares, a drop of 54.7% from the June 30th total of 4,193 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 3,109 shares, the short-interest ratio is currently 0.6 days.

PGIM S&P 500 Buffer 12 ETF – November Stock Performance

NOVP opened at $32.48 on Tuesday. PGIM S&P 500 Buffer 12 ETF – November has a fifty-two week low of $28.71 and a fifty-two week high of $32.84. The firm’s fifty day moving average is $32.44 and its 200 day moving average is $31.30.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 12 ETF – November

Large investors have recently made changes to their positions in the business. Maltin Wealth Management Inc. bought a new position in shares of PGIM S&P 500 Buffer 12 ETF – November in the first quarter worth about $495,000. Royal Bank of Canada raised its stake in PGIM S&P 500 Buffer 12 ETF – November by 88.5% during the 4th 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 period. Commonwealth Equity Services LLC raised its stake in 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 valued at $1,070,000 after purchasing an additional 23,415 shares during the period. Kestra Advisory Services LLC bought a new stake in PGIM S&P 500 Buffer 12 ETF – November during the 4th quarter valued at approximately $668,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in PGIM S&P 500 Buffer 12 ETF – November in the 4th quarter worth approximately $391,000.

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.