PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 641 shares, a decrease of 70.7% from the April 30th total of 2,184 shares. Based on an average daily volume of 2,822 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.
PGIM Portfolio Ballast ETF Price Performance
PBL stock opened at $33.37 on Friday. The business’s 50 day simple moving average is $31.62 and its 200 day simple moving average is $31.32. PGIM Portfolio Ballast ETF has a 1-year low of $28.31 and a 1-year high of $33.38.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC boosted its holdings in PGIM Portfolio Ballast ETF by 4.6% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock worth $38,073,000 after acquiring an additional 53,804 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in PGIM Portfolio Ballast ETF in the fourth quarter worth approximately $1,863,000. Royal Bank of Canada boosted its holdings in PGIM Portfolio Ballast ETF by 45.0% in the first quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock worth $675,000 after acquiring an additional 6,982 shares in the last quarter. Jane Street Group LLC bought a new position in shares of PGIM Portfolio Ballast ETF in the second quarter valued at approximately $530,000. Finally, Wolverine Trading LLC bought a new position in shares of PGIM Portfolio Ballast ETF in the third quarter valued at approximately $538,000.
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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