PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 2,184 shares, an increase of 258.0% from the April 15th total of 610 shares. Based on an average daily volume of 4,049 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On PGIM Portfolio Ballast ETF
Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new position in shares of PGIM Portfolio Ballast ETF in the 4th quarter valued at $244,000. Royal Bank of Canada increased its holdings in shares of PGIM Portfolio Ballast ETF by 108.4% in the 1st quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock valued at $293,000 after acquiring an additional 5,562 shares during the period. Wolverine Trading LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the 3rd quarter valued at $538,000. Jane Street Group LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the 2nd quarter valued at $530,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the 4th quarter valued at $1,863,000.
PGIM Portfolio Ballast ETF Stock Up 0.4%
Shares of PGIM Portfolio Ballast ETF stock opened at $32.99 on Thursday. The firm’s fifty day simple moving average is $31.07 and its 200-day simple moving average is $31.21. PGIM Portfolio Ballast ETF has a 12 month low of $27.97 and a 12 month high of $32.99.
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.
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