PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) Sees Significant Drop in Short Interest

PGIM S&P 500 Buffer 20 ETF – May (BATS:PBMY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 11,995 shares, a decrease of 39.0% from the August 15th total of 19,679 shares. Based on an average trading volume of 2,439 shares, the short-interest ratio is presently 4.9 days. Currently, 2.6% of the shares of the stock are short sold.

PGIM S&P 500 Buffer 20 ETF – May Stock Performance

BATS:PBMY opened at $31.68 on Friday. The stock’s 50-day moving average is $31.52 and its 200-day moving average is $30.99. PGIM S&P 500 Buffer 20 ETF – May has a 1-year low of $29.27 and a 1-year high of $31.83.

Hedge Funds Weigh In On PGIM S&P 500 Buffer 20 ETF – May

Several large investors have recently modified their holdings of PBMY. American Asset Management Inc. bought a new position in PGIM S&P 500 Buffer 20 ETF – May during the 2nd quarter worth $5,890,000. Jim Saulnier & Associates LLC lifted its stake in shares of PGIM S&P 500 Buffer 20 ETF – May by 55.3% in the second quarter. Jim Saulnier & Associates LLC now owns 154,475 shares of the company’s stock worth $4,816,000 after acquiring an additional 54,997 shares during the period. Finally, Kintra Wealth LLC acquired a new stake in PGIM S&P 500 Buffer 20 ETF – May during the 2nd quarter valued at approximately $573,000.

About PGIM S&P 500 Buffer 20 ETF – May

The PGIM S&P 500 Buffer 20 ETF – May (PBMY) 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. PBMY was launched on May 1, 2024 and is issued by PGIM.