PGIM Portfolio Ballast ETF (BATS:PBL) Shares Shorted: Short Interest Down 86.8% in October

PGIM Portfolio Ballast ETF (BATS:PBL) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 377 shares, a drop of 86.8% from the October 15th total of 2,847 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 4,269 shares, the days-to-cover ratio is currently 0.1 days.

PGIM Portfolio Ballast ETF Price Performance

Shares of BATS PBL opened at $32.98 on Wednesday. PGIM Portfolio Ballast ETF has a 52-week low of $29.56 and a 52-week high of $34.37. The firm has a fifty day moving average of $33.46 and a 200-day moving average of $32.51.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PGIM Portfolio Ballast ETF stock. Royal Bank of Canada raised its position in shares of PGIM Portfolio Ballast ETF (BATS:PBL) by 45.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,510 shares of the company’s stock after acquiring an additional 6,982 shares during the period. Royal Bank of Canada owned approximately 1.05% of PGIM Portfolio Ballast ETF worth $675,000 at the end of the most recent reporting period.

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.