PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) was the recipient of 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,049 shares, the days-to-cover ratio is presently 0.5 days.
PGIM Portfolio Ballast ETF Stock Up 0.6%
BATS:PBL opened at $33.18 on Friday. PGIM Portfolio Ballast ETF has a twelve month low of $27.97 and a twelve month high of $33.18. The stock’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $31.22.
Hedge Funds Weigh In On PGIM Portfolio Ballast ETF
A number of institutional investors have recently added to or reduced their stakes in PBL. Osaic Holdings Inc. bought a new stake in PGIM Portfolio Ballast ETF during the fourth quarter worth $244,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of PGIM Portfolio Ballast ETF in the 4th quarter valued at about $1,863,000. Cary Street Partners Financial LLC increased its stake in shares of PGIM Portfolio Ballast ETF by 4.6% during the 4th 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 last quarter. Wolverine Trading LLC acquired a new position in shares of PGIM Portfolio Ballast ETF during the 3rd quarter worth about $538,000. Finally, Jane Street Group LLC bought a new stake in shares of PGIM Portfolio Ballast ETF in the 2nd quarter valued at about $530,000.
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.
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