PGIM Portfolio Ballast ETF (BATS:PBL) Sees Significant Growth in Short Interest

PGIM Portfolio Ballast ETF (BATS:PBL) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,070 shares, an increase of 72.3% from the July 15th total of 621 shares. Based on an average daily volume of 339 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On PGIM Portfolio Ballast ETF

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new stake in shares of PGIM Portfolio Ballast ETF during the fourth quarter worth $244,000. Royal Bank of Canada lifted its holdings in PGIM Portfolio Ballast ETF by 108.4% in the first quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock worth $293,000 after acquiring an additional 5,562 shares during the last quarter. Wolverine Trading LLC acquired a new position in PGIM Portfolio Ballast ETF in the third quarter valued at approximately $538,000. Jane Street Group LLC acquired a new position in PGIM Portfolio Ballast ETF in the second quarter valued at approximately $530,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of PGIM Portfolio Ballast ETF during the fourth quarter valued at approximately $1,863,000.

PGIM Portfolio Ballast ETF Trading Down 0.5%

BATS:PBL opened at $33.99 on Tuesday. PGIM Portfolio Ballast ETF has a one year low of $29.56 and a one year high of $34.37. The stock has a 50-day simple moving average of $33.26 and a 200 day simple moving average of $32.09.

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.