PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) Sees Significant Growth in Short Interest

PGIM S&P 500 Buffer 12 ETF – October (BATS:OCTP) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 28,450 shares, a growth of 93.9% from the August 15th total of 14,672 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 3,703 shares, the days-to-cover ratio is currently 7.7 days.

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

BATS:OCTP opened at $33.06 on Thursday. PGIM S&P 500 Buffer 12 ETF – October has a one year low of $29.03 and a one year high of $33.24. The firm has a 50-day moving average of $32.84 and a 200-day moving average of $31.78.

Institutional Trading of PGIM S&P 500 Buffer 12 ETF – October

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its holdings in PGIM S&P 500 Buffer 12 ETF – October by 965.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 131,902 shares of the company’s stock worth $4,003,000 after buying an additional 119,526 shares in the last quarter. NewEdge Advisors LLC raised its position in PGIM S&P 500 Buffer 12 ETF – October by 30.3% in the 1st quarter. NewEdge Advisors LLC now owns 24,270 shares of the company’s stock valued at $719,000 after buying an additional 5,644 shares during the last quarter. Royal Bank of Canada bought a new position in PGIM S&P 500 Buffer 12 ETF – October during the 1st quarter valued at $141,000. Ameritas Advisory Services LLC bought a new position in PGIM S&P 500 Buffer 12 ETF – October during the 2nd quarter valued at $41,000. Finally, PNC Financial Services Group Inc. boosted its holdings in PGIM S&P 500 Buffer 12 ETF – October by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,361 shares of the company’s stock worth $159,000 after acquiring an additional 622 shares during the last quarter.

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

The PGIM US Large-Cap Buffer 12 ETF – October (OCTP) 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 OCTP was launched on May 17, 2024 and is issued by PGIM.