PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Short Interest Up 326.4% in July

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 5,257 shares, a growth of 326.4% from the July 15th total of 1,233 shares. Based on an average trading volume of 4,291 shares, the short-interest ratio is presently 1.2 days. Currently, 1.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in shares of PGIM S&P 500 Buffer 12 ETF – March by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock valued at $1,466,000 after buying an additional 2,840 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of PGIM S&P 500 Buffer 12 ETF – March in the first quarter valued at approximately $311,000. Finally, PNC Financial Services Group Inc. grew its position in PGIM S&P 500 Buffer 12 ETF – March by 224.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after buying an additional 1,382 shares in the last quarter.

PGIM S&P 500 Buffer 12 ETF – March Price Performance

BATS:MRCP opened at $35.14 on Friday. PGIM S&P 500 Buffer 12 ETF – March has a 52 week low of $30.42 and a 52 week high of $35.14. The firm’s 50-day simple moving average is $34.42 and its 200 day simple moving average is $33.40.

PGIM S&P 500 Buffer 12 ETF – March Company Profile

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.