Short Interest in PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Declines By 52.0%

PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 2,092 shares, a drop of 52.0% from the December 15th total of 4,358 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 41,621 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 41,621 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On PGIM Laddered Nasdaq-100 Buffer 12 ETF

A number of hedge funds have recently made changes to their positions in the stock. AssuredPartners Investment Advisors LLC acquired a new position in PGIM Laddered Nasdaq-100 Buffer 12 ETF during the 3rd quarter worth approximately $244,000. DHJJ Financial Advisors Ltd. boosted its position in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 98.3% in the third quarter. DHJJ Financial Advisors Ltd. now owns 1,787 shares of the company’s stock valued at $50,000 after buying an additional 886 shares in the last quarter. Finally, Foguth Wealth Management LLC. bought a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the fourth quarter worth $12,360,000.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Stock Performance

Shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF stock traded down $0.13 during trading on Wednesday, reaching $28.93. 26,099 shares of the company’s stock were exchanged, compared to its average volume of 6,278. PGIM Laddered Nasdaq-100 Buffer 12 ETF has a 1-year low of $22.43 and a 1-year high of $29.14. The company has a market cap of $31.82 million, a P/E ratio of 30.37 and a beta of 0.54. The firm’s 50-day moving average price is $28.60 and its 200 day moving average price is $27.96.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.0042 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 1.0%.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Company Profile

The PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ was launched on Dec 27, 2024 and is issued by PGIM.