PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,108 shares, an increase of 283.9% from the July 30th total of 1,070 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,955 shares, the short-interest ratio is currently 1.4 days.
Institutional Trading of PGIM Portfolio Ballast ETF
Several large investors have recently modified their holdings of PBL. Osaic Holdings Inc. acquired a new position in shares of PGIM Portfolio Ballast ETF during the 4th quarter worth approximately $244,000. Royal Bank of Canada grew its holdings in PGIM Portfolio Ballast ETF by 108.4% during the 1st quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock valued at $293,000 after buying an additional 5,562 shares during the last quarter. Wolverine Trading LLC acquired a new stake in PGIM Portfolio Ballast ETF during the 3rd quarter valued at $538,000. Jane Street Group LLC purchased a new position in PGIM Portfolio Ballast ETF during the second quarter worth $530,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in PGIM Portfolio Ballast ETF during the fourth quarter worth $1,863,000.
PGIM Portfolio Ballast ETF Stock Performance
BATS:PBL opened at $33.86 on Friday. The firm has a 50-day moving average price of $33.41 and a two-hundred day moving average price of $32.25. PGIM Portfolio Ballast ETF has a twelve month low of $29.56 and a twelve month high of $34.37.
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.
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