PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) Short Interest Up 257.9% in June

PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 4,567 shares, a growth of 257.9% from the May 31st total of 1,276 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 2,305 shares, the short-interest ratio is presently 2.0 days.

PGIM S&P 500 Buffer 12 ETF – March Trading Down 2.3%

Shares of MRCP opened at $33.30 on Friday. PGIM S&P 500 Buffer 12 ETF – March has a 1 year low of $29.74 and a 1 year high of $34.42. The stock has a 50-day simple moving average of $33.95 and a 200-day simple moving average of $32.78.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in PGIM S&P 500 Buffer 12 ETF – March by 224.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock worth $63,000 after acquiring an additional 1,382 shares during the last quarter. Royal Bank of Canada purchased a new stake in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter valued at approximately $311,000. Finally, Commonwealth Equity Services LLC increased its position in shares of PGIM S&P 500 Buffer 12 ETF – March by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,791 shares of the company’s stock valued at $1,466,000 after purchasing an additional 2,840 shares during the last quarter.

About PGIM S&P 500 Buffer 12 ETF – March

The PGIM US Large-Cap Buffer 12 ETF – March (MRCP) 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. MRCP was launched on Feb 29, 2024 and is issued by PGIM.