PGIM S&P 500 Buffer 12 ETF – January (BATS:JANP) Sees Large Growth in Short Interest

PGIM S&P 500 Buffer 12 ETF – January (BATS:JANP) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 34,874 shares, an increase of 143.2% from the April 30th total of 14,342 shares. Approximately 12.5% of the company’s shares are short sold. Based on an average trading volume of 27,292 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JANP. NewEdge Advisors LLC purchased a new position in shares of PGIM S&P 500 Buffer 12 ETF – January in the first quarter worth approximately $430,000. Foguth Wealth Management LLC. purchased a new position in shares of PGIM S&P 500 Buffer 12 ETF – January in the fourth quarter worth approximately $13,079,000. Commonwealth Equity Services LLC increased its position in shares of PGIM S&P 500 Buffer 12 ETF – January by 27.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,889 shares of the company’s stock worth $650,000 after acquiring an additional 4,313 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of PGIM S&P 500 Buffer 12 ETF – January by 6.6% in the first quarter. Kestra Advisory Services LLC now owns 9,918 shares of the company’s stock worth $316,000 after acquiring an additional 618 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of PGIM S&P 500 Buffer 12 ETF – January by 78.3% in the first quarter. Royal Bank of Canada now owns 15,470 shares of the company’s stock worth $494,000 after acquiring an additional 6,796 shares in the last quarter.

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

PGIM S&P 500 Buffer 12 ETF – January stock opened at $34.72 on Friday. The firm’s 50 day simple moving average is $33.38 and its 200-day simple moving average is $32.87. PGIM S&P 500 Buffer 12 ETF – January has a fifty-two week low of $29.24 and a fifty-two week high of $34.75.

About PGIM S&P 500 Buffer 12 ETF – January

The PGIM US Large-Cap Buffer 12 ETF – January (JANP) 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. JANP was launched on Dec 29, 2023 and is issued by PGIM.