PGIM S&P 500 Buffer 12 ETF – March (BATS:MRCP – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,276 shares, a decrease of 59.9% from the May 14th total of 3,180 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,405 shares, the short-interest ratio is presently 0.3 days.
PGIM S&P 500 Buffer 12 ETF – March Stock Performance
Shares of MRCP stock opened at $34.06 on Friday. PGIM S&P 500 Buffer 12 ETF – March has a 1 year low of $29.08 and a 1 year high of $34.42. The business’s fifty day moving average is $33.57 and its 200-day moving average is $32.60.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in PGIM S&P 500 Buffer 12 ETF – March by 224.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the company’s stock valued at $63,000 after acquiring an additional 1,382 shares during the last quarter. Commonwealth Equity Services LLC grew its stake 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 worth $1,466,000 after purchasing an additional 2,840 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of PGIM S&P 500 Buffer 12 ETF – March in the 1st quarter worth approximately $311,000.
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.
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