PGIM Laddered S&P 500 Buffer 12 ETF (BATS:BUFP) Sees Significant Growth in Short Interest

PGIM Laddered S&P 500 Buffer 12 ETF (BATS:BUFP) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 68,295 shares, an increase of 142.4% from the July 15th total of 28,171 shares. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,404 shares, the short-interest ratio is currently 1.6 days.

PGIM Laddered S&P 500 Buffer 12 ETF Price Performance

Shares of BUFP opened at $32.81 on Friday. PGIM Laddered S&P 500 Buffer 12 ETF has a one year low of $28.60 and a one year high of $34.11. The business’s 50 day simple moving average is $32.13 and its 200-day simple moving average is $31.21.

Hedge Funds Weigh In On PGIM Laddered S&P 500 Buffer 12 ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in PGIM Laddered S&P 500 Buffer 12 ETF by 99.7% in the first quarter. NewEdge Advisors LLC now owns 15,972 shares of the company’s stock worth $418,000 after purchasing an additional 7,972 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of PGIM Laddered S&P 500 Buffer 12 ETF by 8.8% in the second quarter. Raymond James Financial Inc. now owns 347,694 shares of the company’s stock valued at $9,748,000 after buying an additional 28,094 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of PGIM Laddered S&P 500 Buffer 12 ETF by 8.8% in the second quarter. MML Investors Services LLC now owns 31,130 shares of the company’s stock valued at $873,000 after buying an additional 2,516 shares during the last quarter. Victory Financial Group LLC acquired a new position in PGIM Laddered S&P 500 Buffer 12 ETF during the 3rd quarter worth about $1,328,000. Finally, PKS Advisory Services LLC lifted its position in PGIM Laddered S&P 500 Buffer 12 ETF by 6.5% during the 4th quarter. PKS Advisory Services LLC now owns 21,630 shares of the company’s stock worth $652,000 after buying an additional 1,315 shares in the last quarter.

About PGIM Laddered S&P 500 Buffer 12 ETF

The PGIM Laddered Fund of Buffer 12 ETF (BUFP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of PGIM US Large-Cap Buffer 12 ETFs. BUFP was launched on Jun 11, 2024 and is issued by PGIM.