PGIM Portfolio Ballast ETF (BATS:PBL) Short Interest Update

PGIM Portfolio Ballast ETF (BATS:PBL) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,293 shares, a growth of 602.7% from the May 31st total of 184 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 6,813 shares, the short-interest ratio is presently 0.2 days.

PGIM Portfolio Ballast ETF Trading Down 0.1%

BATS:PBL opened at $32.81 on Friday. PGIM Portfolio Ballast ETF has a fifty-two week low of $29.07 and a fifty-two week high of $33.54. The stock has a fifty day moving average price of $32.65 and a 200-day moving average price of $31.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cary Street Partners Financial LLC lifted its position in PGIM Portfolio Ballast ETF by 4.6% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock worth $38,073,000 after purchasing an additional 53,804 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in PGIM Portfolio Ballast ETF in the 4th quarter valued at about $1,863,000. Royal Bank of Canada increased its holdings in PGIM Portfolio Ballast ETF by 45.0% in the 1st quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock valued at $675,000 after buying an additional 6,982 shares during the period. Jane Street Group LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the 2nd quarter valued at approximately $530,000. Finally, Wolverine Trading LLC acquired a new position in shares of PGIM Portfolio Ballast ETF in the 3rd quarter valued at approximately $538,000.

PGIM Portfolio Ballast ETF Company Profile

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.